Last week I mentioned how one of my retirement accounts took a $6,000 loss in the first quarter of 2008, and then wondered if this was not really a depression. Today, I got my other retirement statement. On this one I took a $5,000 loss. So for the first quarter of 2008, I took a total retirement loss of $11,000. This may not be a depression based on some economists definition of the number of quarters in which the GDP has done whatever it does in a depression, but I can’t tell you how depressing this seems to me. I should have moved some of my retirement funds to bonds a while ago. It’s kind of like closing the barn door after the horse has escaped, but I’m reshuffling my retirement distributions so that 20-25% of the contributions go into bonds. The remaining will stay in the depressing market. I might not make a killing in bonds, but at least I won’t loose another $11,000 (I hope!).