I would love to believe that all is well and am purposely keeping an optimistic attitude. That being said, I transferred a lot of my investments into money market funds, temporarily, when I saw how much I had lost in less than two weeks time. I will be storing up enough groceries and supplies to last us at least a month if the civil unrest that Obama’s candidacy has been fomenting becomes a reality. We have a couple of guns and ammo but will be buying something smaller for me to use.
I’m 48 years old and have never known anything but the security that my country has provided me. If times have changed, as it appears they have, I don’t want to be the ostrich with its’ head in the sand. I’d rather have a freezer full of ostrich meat and be ready for good or bad times, whatever comes.
It's good to be prepared. No one ever thought most of the country would lose power for a few days, but we did.
It will pass and the worst thing anyone can do now, is sell at the bottom, yet many did today. fear makes people do wrong things and that is a given in the market.
Over the next few years we will recover, and we will have the usual perp walks as the blame game begins. I just hope they get the right ones.
This started in Congress. It was fueled and supported by Congress, and it was not the Republicans who did it.
The Wall street people are secondary to this as they only did what they always do, and that is to find new and innovative ways to sell risks for profit. They can only do what the regulators allow them to or make it possible for them to do. greed is a part of the process on both ends of the sale. The seller and the buyer both expect to profit. That is normal.
As far as the election, I can't help. I never have liked McCain and never will. It's not my fault that the GOP put him up and helped him beat Romney, and I am not very forgiving. The winner will win, and the loser will lose. The public will get what they voted for in either case.