Percentage-wise a 200 point swing on a 11,000+ Dow isn't earth-shattering, but it still represents real dollars in my 401k (and yours!). Yesterday's drop received so-so coverage.
They say a Recession is when your neighbor loses their job, a depression is when you do. Well, I am not there, but a lot of my neighbors are worried. It was bad enough when everything was melting down, but now inflation is hitting at the same time; a big reason - $5 gas (coming soon!). As energy touches everything, it raises every ship in the harbor.
Heck, the interest rate cuts aren't even helping as promised, since credit markets are getting tighter. At least we could of had a refinance (I was hoping for one!) to dump some $$$ into the mean green machine.
So, how do we get off this Tilt-a-Whirl o' Doom....Eventually the Fed will have to tighten the money supply at some point. Which means it would get worse before it gets better. Not trying to be the Siren of Death, but it is one set of body blows after the next...gee I hope one of the political parties raises my taxes next :)
Then again, maybe I just shouldn't post after I pay bills :)-
