Decided to take a peek at my 401(k).
Bad idea.
Down 35% for the year, so far.
The upside is now my 401(k) administrator company can take advantage of a weak market and invest wisely, and in a few years everything will be status quo again, at least.
The stock market is tanking and I wonder how this compares to the crash of 1929. That crash happened over a period of a month or so. Hopefully, we won’t go into Great Depression 2, but with the economic crisis this country is finding itself in, I’m not so sure it won’t happen.
Looks like the American people have no faith in the “bailout.” Probably because it didn’t bail out the little people.
