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Memories From The '97' Strike........
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<blockquote data-quote="TechGrrl" data-source="post: 1024780" data-attributes="member: 4932"><p>The stock market bottomed at around 6500 in early 2009; (too lazy to check exact date) DOW closed yesterday at 13,333. So, presumably, all those pension funds should have regained all their lost value by now. I know my 401K and IRA did.</p><p></p><p>Of course, for those folks who could not afford to ride it out for 3 years, or who sold out in a panic and tucked cash in zero interest rate bank accounts, this is small comfort. But large pension funds should not be able to hide behind any of that for an excuse, not with new money coming in every week, buying in at market bottom and riding the curve upwards.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 1024780, member: 4932"] The stock market bottomed at around 6500 in early 2009; (too lazy to check exact date) DOW closed yesterday at 13,333. So, presumably, all those pension funds should have regained all their lost value by now. I know my 401K and IRA did. Of course, for those folks who could not afford to ride it out for 3 years, or who sold out in a panic and tucked cash in zero interest rate bank accounts, this is small comfort. But large pension funds should not be able to hide behind any of that for an excuse, not with new money coming in every week, buying in at market bottom and riding the curve upwards. [/QUOTE]
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