<EOM>

Not much "skin".......just a little. Been too busy paying immigration bills these days, to save much of anything lately.

If you look at the individual stocks today, it seems much worse than it actually was. It was just "widespread", so made a lot of headlines . But , when you look at specific stocks, most seemed to lose in the 2% to 5% range.

Sounds bad....but then again, if anyone has ever held a stock through a bad earnings report, then you know you could lose a heck of a lot more than than ...in just a matter of minutes .

Personally I'd like to see it correct itself just enough to drive all the lemmings over to bonds, which will cause interest rates to fall.

At my age I have my entire retirement future bet on my 401K. I don't have a defined pension plan at work and haven't for many, many years.

When the market loses, I lose...when the market wins...I win. I have enough skin in the game to lose or gain several grand when the market goes up or down 1%.

It's money I've worked my a$$ off for my entire life. I put a large chunk of my income in my 401K / private IRA's and have for many years.

It's do or die for me!

I think my 401k investment lost about $200 yesterday. Although it's not down to what it was a month ago yet, so I'm not terribly worried.

I think I should invest in dirt, because at least, if nothing else, I can grow beans.

I lost a good chunk of change yesterday but went through this about six years ago also. I am going to ride the storm for the next few days to see what happens. Right now the DOW is up a bit and the NASDAQ is down a bit.

I looked at the RATIO.

415 points out of 12,200 is about 3.4%.

The 1929 crash was a drop from 381 to 230 (about 40%). 1987 crash was from about 2250 to 1702 (22.6%).

The percentage so far is more like a blip.

The "experts" recommend transitioning your assets from equities to fixed income when you reach a certain age.

If your 401K or other index fund lost money in the loss, then you should look to see if they have money in the highly specualtive offshore indexes. Then you should reallocate your funds.

The breadth of the decline on the market yesterday points to one thing to me. Overseas or domestic investors selling NYSE/NASDAQ index funds to get liquidity to cover for speculation on the foreign boards. Any selling the next several days could be more of the same or even liquidation to go bottom feeding on foreign or domestic markets that oversold to get liquid or in general panic.

I think this is a non-event.

Jim

yeap..took in it the keister on black tuesday

No skin to spare....the US Government got most of our money when we turned onto the Immigration Highway. One long azz road too!

Got lucky, I bailed out last week otherwise i would have taken a serious hit