To: Vets_Husband_and_Wife
Hubby and I down $400k since January 2000.........sigh.......we've white-knuckled it the whole time and have held on (assorted Janus mutual funds).......I'm getting really sick of this.....
To: RooRoobird14
DANG.. I'm sorry to hear that. Honestly.
But hang in there!! Historically it always rebounds. It might make you feel better to look at the history. I know that doesn't help right now, not with the way you are being stung, but the honest truth (from what I'm reading) is that people were expecting way to high a return from the markets. They were getting it too. But it was an unrealistic return. Not based on anything solid.
I don't know what others here think, there are a ton of people more educated than I am in this area.. but I would think you are wise to sit on the sidelines. And, if your broker pulled out soon enough, and is sitting on the sidelines,.. then you may be in a wonderful position soon. If you can re-invest at the right time, I would think the chances of you regrouping were excellent. I sure hope so!! Hang in there friend. I'm sorry you have experienced this. It has to be gut wrenching. Bloody HECK!! Thats got to hurt.
To: RooRoobird14
I sympathize. We're about 40% cash right now. Since my wife made me quit daytrading, I know rely strictly on my pro at DLJ (CSFB) in Manhattan. He is a fairly sage 62 year old manager. We're down but not as bad as the markets. What we're going thru now reminds me of when I used to daytrade and hold a large position overnight or God forbid ...over the weekend hoping for a reversal of fortune. Angst.
99 posted on
07/22/2002 11:01:27 AM PDT by
wardaddy
To: RooRoobird14
Sorry to hear that...Janus was way overcommitted to the large caps, I hear-- the ones with the most to lose when the bubble began to leak. Best
wishes for the next leg up.
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