Reply #13: This is clearly not good, but let's also have a little [View All]

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perspective on this. The drop is around 4%, which definitely sucks. But I also remember the crash in October of '87,when I was very new to the workforce and was selling mutual funds, which was more than a 20% drop in a day or two based on issues that were even broader than this credit crunch. We recovered from that one fairly quickly, and there are a number of signs that this is mostly a liquidity/credit crunch, which will mean some tightening. That's not necessarily a bad thing, as both businesses and individuals are way too highly leveraged now. It'll be a bumpy few months, but once President Obama takes over, he'll get us on the right path quick. I'm hopeful that enough of us are smart enough to vote for him to save our country from this Pug-made morass.