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In reply to the discussion: Wall Street's rally accelerates after stunning jobs report [View all]modrepub
(3,501 posts)a 13% unemployment rate.
It's going to take awhile for all of this to sort itself out. If you're brave or persistent, you'll do fine. Don't change your plans and market involvement. It's almost impossible to do better than some market average over the long haul (just don't put your $ in actively managed plans). Move to annuity types of investments once you get to your retirement years. You'll "loose" opportunities for market growth but having a "fixed" income based on generally safe insurance firms is worth your peace of mind; better a good night's sleep than worrying about market volatility.
For those doom & gloom types who espouse preparing for a total systems collapse, taking that type of position will probably only guarantee that you'll be among the last human beings to starve to death. We function best with a well integrated society.