Ken Himmler.com

After getting home from work on Friday and having time to lament on the day with the Dow dropping over 200 points it really gave me an unsettling feeling. For the past eight years the Dow has hovered between 11,700 all the way up to 14,000. That means that if you would have invested all your hard earned retirement money (from say, your 401-K) the money would have gone up and down over the past eight years with you earning virtually nothing in gains. While you might have been so lucky to sell when it was high and buy back when it was low (less than 1.5% chance of that working) then you would have suffered over eight years of inflation with virtually no gains. This is the same as running on the treadmill for an hour. You would have burned six hundred calories but would have gotten no further than your living room. Read more…