Feb 8, 2008

Back to the stock market. Just when it appeared the U.S. Federal Reserve had stopped the bleeding by lowering interest rates yet again, another report indicating the U.S. is in a recession came out and suddenly the wound is reopened, sending stocks plummeting. At this rate, all that wealth on paper, such as mutual funds and other savings investments, will be just that -- paper. Investment brokers always warn their customers that the stock market goes up and down and not to panic. OK, sounds good, except for when you realize it will take years to save back what we all just lost in a week and what appears to be panic on the part of investors.