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Quote: the man behind the curtain said this would happen...
The Elephant Man ?
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Basically why I am (and have always been) against any sort of ability for Soc Security to be invested in the market (or privatized, which will be the same thing). This current situation could cause a lot of people to cause a run-up in the price of dog-food.
Here's how these things would work:
SSA 'users' get a chance to invest in the market - causing a big surge in demand and thus in prices. The "pro's" sell into the run-up and make seriously huge profits. The initial pool of money dries up and prices start to go down to match demand (read that collapse). Now the pro's buy the stuff back. The harvest is complete.
Now today's event is partly pointless panic and partly related to (as I read it) the Saudi's deliberately dropping the price of oil. It's not the same as paragraph two, but it reinforces that something like one's retirement should be in ever more stable investments as they age - as in one's safety-net called Social Security.*
* this is not partisan if that comes to mind. I have, for example, been against burning oil even when it was $3/bbl - as it's too precious a raw material to just burn. U235 is a good source of energy while other means are developed. I make up my own mind - unfortunately, no one with influence cares to listen
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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It's much easier to enjoy the favor of both friend and foe, and not give a damn who's who. -- Lon Milo DuQuette
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 Social Security isn't invested in anything. The contributions are spent as general revenue and replaced with IOUs. They might be called Treasuries of a sort, but even those now have return-free risk.
I could retire rather early and not have to look for contracts because, after the telecom debacle, I got all of my retirement assets under my direct control instead of having to pick from various lookalike equity or money market funds (or company stock, which is really putting your eggs in one basket). I wish I'd also been able to control how my Social Security contributions (and the equivalent in Canada) were invested. One size does not fit all, but that's the philosophy behind every government program.
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Slacker007 wrote: I have lost over $40K in my retirement accounts
So you sold your stocks / mutual funds and locked in the loss? Did you buy toilet paper with it?
Slacker007 wrote: and it is not getting any better.
Not today, probably not tomorrow. Were you planning on cashing out in the next month or so?
This too shall pass.
If you can't handle this drop - wait until it passes and then get the hell out of the market - because you aren't equipped to deal with it. Of course when it is going up you will be back in the 'it will always go up' mode - so it could by tough to convince yourself to get out... 
If you can't laugh at yourself - ask me and I will do it for you.
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you really need to lay off the drugs and get some mental health help ASAP.
It's much easier to enjoy the favor of both friend and foe, and not give a damn who's who. -- Lon Milo DuQuette
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Did
Slacker007 wrote: the man behind the curtain
tell you that too? 
If you can't laugh at yourself - ask me and I will do it for you.
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Mark_Wallace wrote: The Guradain: The Australian Securities Exchange closed down 7.3%, representing around AU$140bn (US$9o) in losses
That's nothing, should've seen the three women in a Woolies punching on over toilet paper. Was going to post about it but was on site all day. It was in Chullora, look it up.
Michael Martin
Australia
"I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible."
- Mr.Prakash One Fine Saturday. 24/04/2004
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It's not true, anyway!
I went to the exchange counter, gave them 70-some-odd euros in exchange for US$90, that much went fine.
But when I asked them to exchange the US$90 for AU$140bn, they said no!
I wanna be a eunuchs developer! Pass me a bread knife!
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Mark_Wallace wrote: I think I'll buy a couple of hundred-thousand-billion AU dollars, while they're that low!
So you're running out of toilet paper too?
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Unfortunately AUD pioneered plastic toilet paper, which was later adopted by CAD.
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An old suggestion of mine.
Roll of saran-wrap type paper comes with a squeegee and clips to affix to the bathroom towel bar. After use, simply squeegee clean and hang up on the clips for the next user.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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 My thoughts, precisely.
It's much easier to enjoy the favor of both friend and foe, and not give a damn who's who. -- Lon Milo DuQuette
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And Kleenex didn't off you the job in R&D?
What is wrong with those people?
I wanna be a eunuchs developer! Pass me a bread knife!
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@code-witch
You most probably know about it already, but I just found something in the MSDN from October 2015 that might be interesting for you
Article: C# - A Split-and-Merge Expression Parser in C# | Microsoft Docs[^]
Example project: code_kaplan.split.1015.zip[^]
M.D.V. 
If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about?
Help me to understand what I'm saying, and I'll explain it better to you
Rating helpful answers is nice, but saying thanks can be even nicer.
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cool. checking it out. "Split and Merge" parsing is something i hadn't heard of before, unless maybe it's similar to an Unger parser.
Real programmers use butterflies
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honey the codewitch wrote: cool. checking it out.
Have fun 
M.D.V.
If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about?
Help me to understand what I'm saying, and I'll explain it better to you
Rating helpful answers is nice, but saying thanks can be even nicer.
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Disembark
Used today by a spokeswoman for Princess Cruises (the operator of the ship that at least three movies will be made about).
Embark = "Get on a boat", and has come to be used figuratively for the first step in any (real or figurative) journey.
Debark = "Get off a boat", and is often used figuratively for getting off of any form of mechanised transport (a journey is not a required part of the definition, in any usage).
Both words are derived from French words, which have the French prefixes "em" (1) and "de" (0) attached to "barque" (boat).
Logically, therefore:
Disembark = "Don't get on a boat or start a journey".
I wanna be a eunuchs developer! Pass me a bread knife!
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also debark: to remove bark from a tree (bark in this sense may even be Old English, because Scandinavian languages use it)
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Greg Utas wrote: also debark
Also, to spritz a dog in the face with a water bottle. It works.
Social Media - A platform that makes it easier for the crazies to find each other.
Everyone is born right handed. Only the strongest overcome it.
Fight for left-handed rights and hand equality.
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I recently read an article that included a description of how to stop a dog from killing chickens. The solution is to duct-tape the chicken to the dog's muzzle for the rest of the day. Apparently they figure it out real fast.
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Greg Utas wrote: The solution is to duct-tape the chicken
A new use for duct tape. What can't it do!!?
Social Media - A platform that makes it easier for the crazies to find each other.
Everyone is born right handed. Only the strongest overcome it.
Fight for left-handed rights and hand equality.
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Mark_Wallace wrote: Disembark
Used today by a spokeswoman for Princess Cruises...
Disembark /dɪsɪmˈbɑːk,dɪsɛmˈbɑːk/ verb
it is an officially recognised English word, (I believe she was speaking English at the time) - there is nothing wrong with using that word.
yes comes from French blah blah, unless she was speaking French you're barking up the wrong tree.
pestilence [ pes-tl-uh ns ] noun
1. a deadly or virulent epidemic disease. especially bubonic plague.
2. something that is considered harmful, destructive, or evil.
Synonyms: pest, plague, people
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