>>The FTSE 250 has dropped below 9000 this morning and is still going down. I wonder what will happen to the DOW. Same thing I think. Some way to go to the bottom yet.
>
>There's no bottom. It can fall endlessly.
>
>Been there, saw that, and couldn't find anyone who'd have cash to buy the T-shirt.


Figures in the Uk press said that the FTSE is now lower than 1998. Allowing for inflation that means a drop in value of 40 % yet at the same time we are supposed to have been having a boom time for the last decade. Do I feel better off than I did 10 years ago ?

When I bought my first house my partners annual income and mine where roughly the same as the value of the house. For me to buy that house now our annual income would have to be £280000 (say $500000) and no I don't earn anywhere near that .