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To: Cold Heat

Glad to hear you say that. Essentially that is what Don Worden has been saying in his Worden Report.

My 401(k) has lost 27.9% since May, but unless I panic and try to withdraw from it (giving the gov’t 50% in the process), it’s only a paper loss.

I don’t believe the fundamental values behind the stocks have dropped precipitately, we’re seeing general panic here.

Of course, that’s easier for me to say, since I presumably won’t have to tap my 401(k) for another six years...


43 posted on 10/09/2008 9:38:53 PM PDT by RhoTheta (Palin doesn't know as much as Biden, but most of what she knows is true.)
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To: RhoTheta
28% is pretty good! I have lost 90%. I was in emerging markets and such.

The S&P is down 42% from the high one year back. That is probably closer to the average losses so far in mutual funds. Some less and you must have one of those that invests a portion in bonds.

45 posted on 10/09/2008 9:43:45 PM PDT by Cold Heat (Well....................................That's .....that.........)
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