how about that stock market

patrick and linda · Posted: Tue Oct 07, 2008 3:55 pm Post subject: how about that stock market

doesn't that just make ya want to get up and go boating? for those who have lost money in this market, i'll be hosting virtual happy hour tonight!
pat

Roy and Lucky · Posted: Tue Oct 07, 2008 4:08 pm Post subject:

What time? Better make it two hours!

dotnmarty · Posted: Tue Oct 07, 2008 4:15 pm Post subject:

I'll drink to that.

patrick and linda · Posted: Tue Oct 07, 2008 4:18 pm Post subject:

i've checked with my cook, capt. matt, my bar tender, byrdman, as well as our bouncer, dr. bob, all have agreed, happy hour will extend well beyond two hours. now, if we only had some dancing entertainment! i've seen byrdman dance, so, that's out of the question.

Pat Anderson · Posted: Tue Oct 07, 2008 4:53 pm Post subject:

But, Marty, I hear you will drink to anything!

john schuler · Posted: Tue Oct 07, 2008 5:18 pm Post subject: I'll drink to that

We must be getting to the bottom. Time to buy. Oh ya I don't have any
money left. This can't be good for the boat market, or anything else.
Good luck guys and gals no jumping off high places.
john

Valkyrie · Posted: Tue Oct 07, 2008 5:23 pm Post subject:

I was watching Fox News this morning and they were actually giving suicide prevention tips as part of the financial report!

Nick
"Valkyrie"

C-Hawk · Posted: Tue Oct 07, 2008 5:31 pm Post subject:

Well- don't look like I'll be retiring any time soon. Crying or Very sad

JamesTXSD · Posted: Tue Oct 07, 2008 5:34 pm Post subject:

thataway · Posted: Tue Oct 07, 2008 5:56 pm Post subject:

All night dancing--and I don't think we have seen the end yet...

teflonmom · Posted: Tue Oct 07, 2008 6:28 pm Post subject: Stock Market

I am happy to report that we just returned from our first boatless trip to NY state. I am not happy about being boatless , but we do have a nice supply of Terry,s favorite RED CAT. So we can drink our sorrows under the table and will check on the market in the morning.

Fred, Pat and Mr. Grey(the cat)

Sea Wolf · Posted: Tue Oct 07, 2008 6:32 pm Post subject:

In case you didn't see it on the other thread...........

Retirement accounts have lost $2 trillion
Tuesday, October 7, 2008 2:46 PM EDT
The Associated Press
By JULIE HIRSCHFELD DAVIS Associated Press Writer

WASHINGTON (AP) — Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday.
The upheaval that has engulfed the financial industry and sent the stock market plummeting is devastating workers' savings, forcing people to hold off on major purchases and consider delaying their retirement, said Peter Orszag, the head of the Congressional Budget Office.
As Congress investigates the causes and effects of the financial meltdown, the House Education and Labor Committee was hearing from retirement savings and budget analysts on how the housing, credit and other financial troubles have battered pensions and other retirement funds, which are among the most common forms of savings in the United States.
"Unlike Wall Street executives, America's families don't have a golden parachute to fall back on," said Rep. George Miller, D-Calif., the panel chairman. "It's clear that their retirement security may be one of the greatest casualties of this financial crisis."
More than half the people surveyed in an Associated Press-GfK poll taken Sept. 27-30 said they worry they will have to work longer because the value of their retirement savings has declined.
Orszag indicated the fear is well-founded. Public and private pension funds and employees' private retirement savings accounts — like 401(k)'s — have lost some 20 percent overall since mid-2007, he estimated. Private retirement plans may have suffered slightly more because those holdings are more heavily skewed toward stocks, Orszag added.
"Some people will delay their retirement. In particular, those on the verge of retirement may decide they can no longer afford to retire and will continue working," Orszag said.
A new AARP study found that because of the economic downturn, one in five workers 45 and older has stopped putting money into a 401(k), IRA or other retirement savings account during the past year, and nearly one in four has increased the number of hours he works.

Sad

ccflyer · Posted: Tue Oct 07, 2008 7:48 pm Post subject:

It's time to appreciate the inexpensive and
simple/free things like this board and a cold beer Thumbs Up

Larry K · Posted: Tue Oct 07, 2008 9:09 pm Post subject:

The stock market sucks but the good news is the price of gas is down by over $1.00 from $4.40 mid-summer to $3.35 (street price) today.

So.............. let go boating and drink to that (Hmmm.... maybe we shouldn't drink and boat - life just gets more complicated).

P.S. SeaWolf - $2 trillion now that is a BIG number

Larry K|

B~C · Posted: Tue Oct 07, 2008 9:42 pm Post subject:

It's looking like every new day of the market tanking equates to about another year of hard labor in the salt mines. I guess I didn't really want to retire anyway. I'm just damn glad I didn't just retire, or planned on retiring in the near future.