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Blue chips drop 500

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  • Blue chips drop 500

    Hundreds of billions in stock value gets wiped out

    (My 401k contribution tonight is going to buy a whole lot more stock! Woohoo!)

  • #2
    Nice

    All I can say is I am glad that I am 23 instead of 53. Time is on my side.

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    • #3
      Have a coke and a smile- coke was up .5% today.

      We were busy recovering from Ike here in Ohio to even know the market was falling. Hope anyone which encountered the storm gets power soon and life back to normal quickly.

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      • #4
        Sure you bought more x number of shares because of the lower cost basis but your overall portfolio value went south today
        Got debt?
        www.mo-moneyman.com

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        • #5
          Awww, well, the NAVs and shares should still be the same right? So, given enough time, it could always bounce back. Though granted, the damage may never be fully recovered.... Still, with proper diversification, the damage shouldn't be too big. I was just reading scfr's blog, and she said her funds only took a 2.3% hit or something like that.

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