Posts Tagged ‘401(k) losses’

The Precipitous Downward Spiral

March 9, 2009

I hate being the bearer of bad news, I really do.  But the tough reality is, that there is virtually no good news.  This “recession” is being compared by some to the steep recession of the early 1980s.   Time has a way of fogging our memories and coming up with the wrong comparisons.  George Santayana penned an often used quotation in his book, The Life of Reason (1905), that,  “Those who cannot remember the past are condemned to repeat it.” (more…)

DOW 6000 Revisited

February 20, 2009

Earlier in the week I wrote about the DOW hitting 6,000 before the end of the year.  For most that is not only unthinkable but it is downright horrifying.  But is it realistic and within the realm of possibility?  Let’s look at the numbers. (more…)

DOW 6000?

February 17, 2009

The DOW stock market index could be as low as 6,000 by the end of this year.  Sound preposterous?  Not from my perspective.  In fact, that might be conservative.  Right now we are in the worst stock market decline since – well, you know by now – the Great Depression. (more…)

Is Your Lifestyle Sustainable?

January 14, 2009

Are you one of those people who got caught up in the spending frenzy of the last few years?  Did you buy big ticket items like an SUV, a boat, a cabin, a condo, or upgrade your home to one more luxurious with money you neither had nor could afford to spend? (more…)