The quarterly statements are coming in.
One of my IRAs has lost 10%. It will need to increase by over 11% to get back to where it was 12/13/07.
Back in 2000 when the tech bubble burst, folks lost 40% and 50% of their equity holdings. Some have come back near their 2000 values which mean they have increase 67% and 100% over 7 years.
We are holding tight with our equity holdings for now. Remember to sell, locks in the losses. As we remain optimistic (listening to Bob Brinker), we will hold through into 2009.
The market can be fickle. It and the nation are a bit giddy with the prospect of change in early 2009. This is another reason I believe we will see positive quarters ahead.
A new administration may cast an uncertainty. I would think a year from now things may be unstable.
'til later
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