What are your thoughts?

[Jefferson'n'Ted]

Where is the stock market headed? Is this going to continue until everything is gone?
I am just totally amazed and frightened by the continued decline.

[gundog]

Where is the stock market headed? Is this going to continue until everything is gone?
I am just totally amazed and frightened by the continued decline.

another 1000 at least........maybe two.

[Delmonico]

What happens will depend on how confident investors are. Plain and simple.

[patm]

I cant' even hardly listen anymore - my stomach tightens up, my blood pressure is going up and I'm just bordering on depressed again. I just don't want to have to work till I drop over dead.

[Di]

DH has always been very confident that things will right themselves- " the market is down your just buying more shares" "so when it rights its self you make even more" 5 days ago he pulled everything out of the market! We can put it back very quickly if things look up, but don't anticipate that happening any time soon

[Golfgirlrobin]

It's great if you're younger and your 401k is buying shares at bargain basement prices. Unfortunatley there is a huge generation of baby boomers who were just about to retire who don't have the time to watch it come back.

It'll get into the 5000's. There's nothing that's going to stop it. Like it or not, whether it's fair or not, the market drops every time Obama or Geitner open their mouths. They haven't figured out the magic words to calm things down. I sure hope they do.

[Labs4life]

It's great if you're younger and your 401k is buying shares at bargain basement prices.

Everyone loves a bargain except when it's the stock market. I have convinced myself that I will be working 3 years after I'm dead. Should the market improve and the bargains pan out. I will change my outlook come retirement age. Until then it's like a big clearance sale at Macy's.

[patm]

DH has always been very confident that things will right themselves- " the market is down your just buying more shares" "so when it rights its self you make even more" 5 days ago he pulled everything out of the market! We can put it back very quickly if things look up, but don't anticipate that happening any time soon

If you don't mind my asking, what did he do with the stuff he pulled out of the market? We don't play the stock market, but all of the retirement from where I work now, and of course my annuities are in mutual funds accounts and I've lost tons of actual money (have less than what I put in) I talked to the guy that manages the accounts for work, and I decided not to change anything at this time, but I was thinking about just not putting as much in right now. We have an inheritance that we never did get around to investing, and it is making more money now sitting in 3 savings accounts that make interest than it would anywhere else.

[Maple1]

There is a silver lining to all this. The baby boomers were going to retire, taking with then lots of skill, knowledge and experience, and we would have been facing a labor shortage. Now, they are not going to retire so problem solved.

[Nick]

I don't know, but the technicians say going through 7,000 broke a huge support level. They're the guys/gals who look at charts and trends and predict where the market is going to go.

Selfishly, it's good for me. Assuming I have a job at some point in the next 6 months, houses are cheaper and stocks are cheaper. It's almost a "do-over." I invested $2,000 back in 1996 for college expenses and cashed out $8,000 in 2000. Hopefully the market won't produce a bubble like it did in the 90s, but you can buy a lot more shares when the Dow is at 6,000 as opposed to 14,000. But I also realize that people like my grandparents who had thought they were fine for retirement suddenly find themselves in their late 70s and early 80s and looking at a smaller nest egg. I really feel bad for my Dad because he has to retire this year (based on changes his company is making to their retirement plans), but he's also lost a lot in his 401(k).