I can only say this. I’m glad I have 25 more years to go before retiring. My 401k is down 30% over the last 6 months. Most of this since the bailout plan. Didn’t move my money before the drop, not moving it now. Figure, at the least, I can buy more shares so when and if the price goes up, I’ll have more shares moving that direction.
And your 401k will be gone if Obama is elected President. Was just watching Greta Van Susteren talking to Rush via phone on Fox, and Rush says it's a done deal between Pelosi and Obama to confiscate everyone's 401k and merge it with Social Security. Your 401k would be converted with the value it held as of August 2008. The government would manage your assets, how nice of them to help you spread your wealth.