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JUST IN: Over $1.50 trillion was wiped out from the US stock market today.
I was not a happy camper when I seen my meager 401K losses of -$7,058.31 (-2.11%)
Tell me about it. A little over $20,000 of mine gone. Pretty much wiped out all growth for the quarter and then some. Worst losing streak since Jimmy Carter.
But hey, CONgress is trying to pass another porkulus spending bill to keep the federal bureacrats funded and give themselve a pay raise to boot.
What goes up must come down at some point, however, just 40some years ago the Dow was around 2000 points
I've ridden the stock market my whole life. I'm comfortable with the ups and downs. On Tuesday, I'm a millionaire. On Wednesday, I'm a pauper. Looking at long-term results, I've done well. Short-term fluctuations don't bother me a bit.
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