endarkenment
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Tue Oct-07-08 01:18 PM
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The silver lining in 3-4% daily declines* |
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You might think that we run out of Dow at some point. However if you think about it each day's 3-4% slice is a bit smaller than the previous days, and it always leaves 96-97% of what we laughingly call our 'retirement nest egg' or 'the kids college fund' intact. We never run out of Dow!
Isn't that great?
*credit to my pal Zeno for realizing this first.
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rucky
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Tue Oct-07-08 01:20 PM
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1. I agree with you 3-4%! |
coalition_unwilling
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Tue Oct-07-08 01:21 PM
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2. Better to call it the 'cubic zirconium' lining, I think. 3% here and 3% |
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there and pretty soon you're talking real money :)
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No DUplicitous DUpe
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Tue Oct-07-08 01:22 PM
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3. "3-4% slice is a bit smaller than the previous days?" |
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3-4% is 3-4% does not matter how many points that is.
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endarkenment
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Tue Oct-07-08 01:27 PM
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It is 3-4% of that day's starting Dow. If the Dow starts at 10,000, a 3% decline is 300 points. The next day the Dow starts at 9700 and a 3% decline is 291 points. Last time I looked 291 is smaller than 300. But more importantly, each day we still have a whopping 96-97% of value left to work with! We can sufferenjoy another 3-4% decline without any fear at all of running out of Dow!
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No DUplicitous DUpe
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Tue Oct-07-08 06:44 PM
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5. Then you should head to Vegas.... |
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...cause with your thinking, you'll never run out of money.
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DU
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Thu May 02nd 2024, 02:43 AM
Response to Original message |