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Everythings down

February 28th, 2007 at 03:21 am

Savings log - 0$ tip box
Spending log - $1.50 coffee, tip + $4.50 soup for lunch

I was busy today so I went home to the news that the stock market's down big, big, big today. (-416).

Just because I wanted to know how a 416 point drop meant to me, I figured out that I've lost a bit over $3700 today. Who knows, it might be worse tomorrow or in the days to come.

Correction or crash, I've got to be philosophical about this.
From reinvesting dividends, my Drp portfolio is still in the black.
3 out of 4 of my drp stocks were (not now) close to their 52 week highs - bad because if you want to buy good company stock, you want to buy when the stock's cheap.
I have a fair amount of cash and T-bills (paying at 5.2%) to buck me up.
And 3% corrections to the stock market used to happen quite often, every few months or so.

Stocks go down, stocks go down. Repeat and note that its time for a glass of 3 buck-chuck wine.

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