Scary Times on the Market

September 25, 2008 at 8:00 pm Leave a comment

Investing in this market is downright scary. During lunch, several coworkers informed me that they are trying to invest in the market. Right now, I feel that is the best option is hide the money under the couch instead of trying to put a dollar in the stock market.

People are afraid to invest and are timid right now. Nobody want to lose their most precious assets to some market meltdown. In CNBC article that I read, I saw a byline for another article stating that S&P 500 can goes down by another 40%. That is scary.

People’s retirements are being eaten by the stock market debacle and we still have the social security meltdown that we will be facing in a few years? What to do? I have no idea. I am not a politician so I guess that I will have to keep fingers cross

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