Well, it happened. I was determined that I wouldn't get emotional, I wouldn't over-react to this credit crisis thing. I should have understood that everyone else would overreact. There hasn't been a drop like this since the .com bust. Maybe it will get worse.
The pain isn't even that bad for me, I only lose maybe 10-20 thousand bucks in my 401K. Some people, those nearing retirement, may be in a real world of hurt. I'd have lost more if I didn't move about half of it toward the end of last year into money markets.
Truly, the financial foolishness of this decade has been beyond stunning. When I see this stock market crash and look back (you know hindsight) it seems so obvious, so inevitable.
The national debt clock recently ran out of digits, we hit $10 trillion and it had to drop the dollar sign.
I like to be happy, I like to keep a positive attitude.
But I just spent the last 10 minutes at work sitting at my desk just grief stricken with a sense of the loss at the reality of the economic situation before the world.
Things are going to change. But even with the desire strong, I think many have lost even the ability or capacity to make proper financial choices. My hope, my desire to not over-react has left my retirement account as yet another casualty. But the real casualties will be much more fierce.
I hope people can change, will change as a result of this.
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