Is it just me, or is the stock market in free-fall mode? Every day there’s more bad news on the economic front, which leads to the market dropping a few hundred points like it’s nothing.
Today, it’s down 244 points and it’s only 1:15. Sure, there’s time for some gains to be made, but the way things have been going, I don’t want to think about it too much. And yesterday’s 410-point loss.
I braved another look at my 401(k)s on Monday — one is down 31%, the larger one is down 40%. I know there’s plenty of time before I retire for everything to rebound. I have to remember that I’ll still be putting money in, and that money buys cheap stock now. Historically, the market will rebound over time.