stock market in free fall...

[CosmicCowboy]

Actually he'd already been crippled, but not killed, by polio by that point. Given that it was a large fatal disease at the time I'd say he didn't have much to fear from that. What he should have included on his list:
-strokes
-Nazis
-Japan's Ninja Navy
-starvation
-falling stockbrokers landing on your head
-the prospect that John Steinbeck would write an entirely too long account of the struggle of the American migrant workers from the Dust Bowl which would then become required reading for us all

ing "Grapes of Wrath"

[CosmicCowboy]

damn, it's doing it again. Look at the volume es the second it hits 9600.

[BacktoBasics]

Its a conspiracy. Its probably at 2000 and they just don't want you to know bwhahahaha

[T Park]

thank god I just work in cash and not stocks or anything

[Anti.Hero]

We are doomed! Sell Sell Sell

[smeagol]

damn, it's doing it again. Look at the volume es the second it hits 9600.

There goes you theory. It's below 9,500

[timvp]

I'm not buying til it hits 8000

[MannyIsGod]

When people say why did we do the bailout they're not realizing that while this is bad, it could be worse.

How much money is everyone out on their 401ks?

[Anti.Hero]

When people say why did we do the bailout they're not realizing that while this is bad, it could be worse.

How much money is everyone out on their 401ks?

None, I haven't sold anything.

[MannyIsGod]

how much VALUE then. Happy? Biaaaaaaatch.

[CosmicCowboy]

There goes you theory. It's below 9,500

Look at the volume. It wasn't for lack of trying. There was a stampede for the door and even massive buying couldn't stop it.

[Suicidal Jack]

today is as good a day as any to kill myself!

[smeagol]

Look at the volume. It wasn't for lack of trying. There was a stampede for the door and even massive buying couldn't stop it.

Volume has been increasing at the end of trading sessions for a while now.

[CosmicCowboy]

When people say why did we do the bailout they're not realizing that while this is bad, it could be worse.

How much money is everyone out on their 401ks?

It's not your 401K's you need to worry about, it's your jobs. This is getting very very scary. Paulson and the Fed are down to very few options. Nothing they have been able to do has slowed this train...the only thing they can do know is drop interest rates to 1% or less and HOPE that isn't too little too late.

[MannyIsGod]

It's not your 401K's you need to worry about, it's your jobs. This is getting very very scary. Paulson and the Fed are down to very few options. Nothing they have been able to do has slowed this train...the only thing they can do know is drop interest rates to 1% or less and HOPE that isn't too little too late.

Well I'm not employeed but I'm guessing that lower discretionary spending across the board is not good for me either.

[smeagol]

Agree with CC. 401Ks are to be used in 30 years. It is your job and whatever other savings you have you should be worried about.

[RandomGuy]

When people say why did we do the bailout they're not realizing that while this is bad, it could be worse.

How much money is everyone out on their 401ks?

$2,000,000,000,000

That is trillion with a "T" and that stands for Trouble, right here in River city.

Retirement accounts have lost $2 trillion

WASHINGTON – Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday. The upheaval that has engulfed the financial industry and sent the stock market plummeting is devastating workers' savings, forcing people to hold off on major purchases and consider delaying their retirement, said Peter Orszag, the head of the Congressional Budget Office.

http://news.yahoo.com/s/ap/meltdown_retirement

[Anti.Hero]

Will the government suspend IRA/401k early withdrawal tax penalties?

[MannyIsGod]

Agree with CC. 401Ks are to be used in 30 years. It is your job and whatever other savings you have you should be worried about.

The point is this is how the average American relates to the stock market. Most people don't have porfolios and don't know what the numbers mean other than if it goes down its bad.

But when they look at their monthly 401k statments and see how much they just "lost" it tends to hit home.

[MannyIsGod]

Will the government suspend IRA/401k early withdrawal tax penalties?

My god that would be the dumbest thing they could possibly do right now.

[Anti.Hero]

My god that would be the dumbest thing they could possibly do right now.

It's not very fair for the government to tax you when you just need to turn YOUR money into capital so you can survive.

That doesn't seem very Obamaseque. I thought fairness was the name of the game now?

[Viva Las Espuelas]

i hope people don't start bailing on the hedge funds. just wait 'til that happens.

[MannyIsGod]

It's not very fair for the government to tax you when you just need to turn YOUR money into capital so you can survive.

That doesn't seem very Obamaseque. I thought fairness was the name of the game now?

Does your shoulder hurt after that reach?

[T Park]

Dunno what else to say that hasn't already been said. Honestly don't know what would fix it

[smeagol]

The point is this is how the average American relates to the stock market. Most people don't have porfolios and don't know what the numbers mean other than if it goes down its bad.

But when they look at their monthly 401k statments and see how much they just "lost" it tends to hit home.

I agree that average Americans do relate to the stock market via their 401Ks. Nevertheless, unless you are about to retire, you should not worry (and I agree this is not an easy thing to do).

I guess the solution is to move your 401K money to bond funds.