S&P 500 down 41.9% for the last year

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The S&P is a better barometer of the stock market than the Dow, because it contains more stocks, and generally all of the ones with the largest market capitalization.

On October 9, 2007, it had its record high close of 1565.15. On October 9, 2008, it closed at 909.92, a drop of 41.9%.

[??????????]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

[opebo]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

I'm sure that's what lots of people were saying in 1930...

[ChrisFromNJ]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

Capitulation day dreaming is a wonderful thing, isn't it?

[Keystone Phil]

Thanks, Democratic Congress!

After all, it is the economy, stupids. 

[Person Man]

Thanks, Democratic Congress!

After all, it is the economy, stupids. 

Conservative blame-shifting saves the day again! Wow! Phil needs to start sending his newsletter to me!

[Keystone Phil]

Thanks, Democratic Congress!

After all, it is the economy, stupids. 

Conservative blame-shifting saves the day again! Wow! Phil needs to start sending his newsletter to me!

Just calling it like it is, my friend. Even you have to admit that blaming the President for everything is getting a bit old.

[TheresNoMoney]

The economy will collapse if Obama is elected president! Oh wait......

[Keystone Phil]

The economy will collapse if Obama is elected president! Oh wait......

You're right. It collapsed after Speaker Pelosi and Majority Leader Reid took over.

[Tetro Kornbluth]

The economy will collapse if Obama is elected president! Oh wait......

You're right. It collapsed after Speaker Pelosi and Majority Leader Reid took over.

Pelosi must have had the banks in terror of her socialist policies that they decided to invent sub-prime loans to appease their political masters.

[Keystone Phil]

The economy will collapse if Obama is elected president! Oh wait......

You're right. It collapsed after Speaker Pelosi and Majority Leader Reid took over.

Pelosi must have had the banks in terror of her socialist policies that they decided to invent sub-prime loans to appease their political masters.

I'm glad someone is finally realizing the truth!

[Torie]

The economy will collapse if Obama is elected president! Oh wait......

You're right. It collapsed after Speaker Pelosi and Majority Leader Reid took over.

Pelosi must have had the banks in terror of her socialist policies that they decided to invent sub-prime loans to appease their political masters.

Actually her team forced fannie mae and Freddie to buy the subprime loans, thereby making then profitable to make for the originators, and the rest is history. They then accepted a ton of campaign money from their cowed creature as a lagniappe.

[AkSaber]

To say this Congress has done less than zero about our problems, is a generous understatement.

[Fmr. Pres. Duke]

To say this Congress has done less than zero about our problems, is a generous understatement.

All in the name of politics, my friend! They intend to do everything they can to make sure this country is as bad off as possible, because they benefit! If, by some chance, it looked like they were getting hurt through this mess, they'd begin to work at a fix.

[A18]

There's no hope for mankind. It seems that no matter how spectacularly and blatantly government screws up, the response is always to expand government power even more.

[King]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

I'm sure that's what lots of people were saying in 1930...

Didn't one guy make millions of dollars buying shares of every stock trading for under a dollar during the Depression and saving it for a rainy day?  I remember hearing a story about one.

[??????????]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

I'm sure that's what lots of people were saying in 1930...

Didn't one guy make millions of dollars buying shares of every stock trading for under a dollar during the Depression and saving it for a rainy day?  I remember hearing a story about one.

Opebo is silly, any person knows it's nearing the time to buy stock.

[dead0man]

The economy will collapse if Obama is elected president! Oh wait......

You're right. It collapsed after Speaker Pelosi and Majority Leader Reid took over.

Pelosi must have had the banks in terror of her socialist policies that they decided to invent sub-prime loans to appease their political masters.

Actually her team forced fannie mae and Freddie to buy the subprime loans, thereby making then profitable to make for the originators, and the rest is history. They then accepted a ton of campaign money from their cowed creature as a lagniappe.

The left always ignores this point.  I wonder why?  The American left was the group that pushed loans on poor people that couldn't aford them.  I wonder if Soros and Sandler will try and edit me.

[Platypus]

Thanks, Democratic Congress!

After all, it is the economy, stupids. 

Conservative blame-shifting saves the day again! Wow! Phil needs to start sending his newsletter to me!

Just calling it like it is, my friend. Even you have to admit that blaming the President for everything is getting a bit old.

So let's blame the Democratic congress, which has been around for how many years?

[Keystone Phil]

Thanks, Democratic Congress!

After all, it is the economy, stupids. 

Conservative blame-shifting saves the day again! Wow! Phil needs to start sending his newsletter to me!

Just calling it like it is, my friend. Even you have to admit that blaming the President for everything is getting a bit old.

So let's blame the Democratic congress, which has been around for how many years?

Long enough. This Congress built themselves up before they ever took over as real reformers with countless promises to the American people. This Congress is now known as one of the most inept in history.

People were blaming Bush for everything under the sun just two years into his term so...

[opebo]

We're probably at the bottom now. It's a great time to buy stock, not kidding, many good bargains.

I'm sure that's what lots of people were saying in 1930...

Didn't one guy make millions of dollars buying shares of every stock trading for under a dollar during the Depression and saving it for a rainy day?  I remember hearing a story about one.

Perhaps, FF, but he would have been buying in 1934-5 or so, not now (which is the equivalent of 1929/1930).  We're still a couple of years at the very least from the low.

[Torie]

Opebo, I didn't know you were a stock market prognosticator. How interesting! 

[opebo]

Opebo, I didn't know you were a stock market prognosticator. How interesting! 

I'm only applying the 30s template, Torie.  I can say whatever I like of course as I own no stocks and will never purchase a stock.

[Storebought]

I'd rather invest in a 1930s stock market (price collapse due to general deflation) than a 1970s stock market.

I said last month or so that I increased my index fund purchase, precisely because September-October are historically dreadful months for stocks. I've lost tons in the meanwhile, but I do kind-of like the idea of buying shares at a time when the whole world is puking them.