The stock market went down cause people lost confidence.
People lost their jobs because other folks were not buying their products or services. Those former cutomers got spooked by the steady dose of doom and gloom being fed to them 24 hours,every day
401k's?, I just increased the % of my check that goes into it. Sure I have lost money, on paper. look at a chart of the Dow Jones starting back at it's conception. I am taking a gamble, but I have confidence it will come back, in the mean time I am buying more shares of the fund for less.
I know some folks that had retired are probably hurting. So are those that lost jobs.
It all starts with loss of confidence. And the talking heads love bad news and I blame them for a big part of what is happening now.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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