It's finally over!

[JL8Jeff]

2008 that is. I watched my 401K drop down and lose 48% of it's value at one point but managed to get back up to a 38% loss for the year. :cry: I could have bought several Camaros with that money which would have held value a lot better than the 401K. Hopefully 2009 sees the market recover some of that loss. I decided to increase my percentage going into the 401K for this year since the money will buy more shares at these lower prices.

[Saitin]

we will have to wait and see what obama does

[Mike]

we will have to wait and see what obama does

in before this thread goes to ****

[JL8Jeff]

I doubt the new president will have much bearing on what happens this year. The subprime loans were a big part of the problem in 2008 and now we have the option ARMs and Alt-A loans creating a new problem this year. Companies will make adjustments to figure out how to survive and more people will lose their job. But the market shouldn't tank too much more than it already has. I heard that new mortgage applications are already up so as long as the banks will lend the money they were given things should start to move again.

[Anti_Rice_Guy]

we will have to wait and see what obama does

No matter how much you disagree with any president, they are not God and do not make every decision. One man/woman cannot make that much of a drastic change. It requires Congress, for one.

[qwikz28]

its a buyers market. i am sorry for your loss jeff but i certainly made out well from this economy :)