So this is really bad, there is no bottom in sight now. Mass layoffs will result within months or weeks.

Dow - down 3.5%
S&P - down 4.25%
Nasdaq - down 4.5%
Gold - down 2.0%
Oil - $61.00 / barrel.

When DT got elected first term I made a decision: 1. I put all our 401 in a money market ( i know, I know spare me the lectures) 2. I left my thriving practice and comfortable life and home to live and work on an Indian Reservation, where I put my talents to work helping the poor and disadvantaged. I decided I didnt need a retirement fund and I am fortunate to be able to work in my profession until the day I die (knock wood). I am very fortunate as I love my work and am happy with the decision to never retire. In the meantime i have a valuable reason to get up every morning, as these folks need my help

As the song goes " money cant buy my soul, 'cuz it come from a hard earned place'

I do feel sympathy for those who are taking the hit on their 401s, but I got other folks to worry about too

Hope those high finance guys are regretting their decision.