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"Instead of bailing out of stocks after two negative years, investors have held on. I can’t remember anything like this in my 23 years in the business. I met with a couple today that had a million dollar investment portfolio over four years ago. They are now down to around $250,000 if the equity of their rental is included. They went from tech and Internet stocks to junk bonds. They are now ready to say uncle."

WIPE THE SMILE OFF OF THIS MAN'S FACE.

VOTE THE RATS OUT!!

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I met with a couple today that had a million dollar investment portfolio over four years ago. They are now down to around $250,000 if the equity of their rental is included. They went from tech and Internet stocks to junk bonds. They are now ready to say uncle."

What are they going to do with their 250K when they say uncle? That's the problem...

The bulk of my portfolio went from $71-ish/shr three years ago to $61 and change today... that's when they went public though; my cost basis is around $9-ish... It's decreased but not a disaster, and I can't think of a thing to invest in that I'm not already in...

I'm not retiring for 20 years or more.

My confidence that the stocks I buy today will be worth considerably more then than they are now is near certainty.

Or rather, if our economy is such shape that stock prices have not increased considerably within the next twenty years, things are going to be so screwed up that financial investments are going to be the last thing we're worried about.

Wal-Mart warned the Street that its sales for September would be less than anticipated.
European stocks tumbled as the Dow Jones Stoxx 50 Index ended its worst quarter since 1987 with the biggest one-day percentage slide in 2 1/2 months. Axa and ING Groep tumbled after Scor, a French reinsurer, became the latest insurer to ask shareholders for cash. Ericsson, the world's largest maker of cellular networks, slumped after cutting its third-quarter sales forecast. The Stoxx 50 Index sank 5.2% to 2314.96. The index has fallen 24% this quarter. All eight major European markets were down during today’s trading.

Asian stocks fell as reports in Japan, South Korea and Taiwan indicated a slump in U.S. demand is slowing regional economies and reducing sales at Sony Corp., Samsung Electronics Co. and other exporters. Japan's Nikkei 225 Stock Average fell 1.5%, extending its decline in the past three months to 12%, the worst quarterly drop in a year.

Hey, I have been on a Buy American diet since 9/11. Every Eurowhimper and Asianwhine about American Hegemony and Cowboy Unilaterlism just reinforces my determination. I like to think it's working!

I'm pretty sure there will be a solid kickbutt rally after we defeat Saddam. The expectation will be that oil prices will be low and a feeling of euphoria will exist.

I don't know whether that will be a lasting rally, but it will definitely occur.

I think we may be closer to the bottom than a lot of people realize. Within 1000 points or so.

It is sad to see is how complacency has destroyed so many portfolios and retirement dreams.

These people were lauded as savvy and gutsy even until last year. Some pundits and even Freepers admired their common sense, courage, and even "patriotism". It appears that some play them for suckers.