Monday, September 29, 2008

Dow -777.68 points (-6.98%), S&P 500 -106.92 (-8.79%)

The biggest one-day Dow Jones Industrial Average drop in history-- coincidentally, the day I stayed home sick and witnessed the carnage, especially the intra-day 400-point, minute-to-minute swings. Wow.

Did you sleep well last night? Well you sleep well tonight?

I sure will.

As a completely passively-managed portfolio, the Retiree Portfolio has performed astoundingly well: -2.48% today; -9.2% from its *top*.

The S&P 500 last nearly as much today as it took the Retiree Portfolio almost 14 months to lose.

No comments: