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.
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.