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 - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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one 8n and one 9n tractor. totaly restored,pretty much everything is new. one 6ft blade good shape.
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