Well actually, EVERYONE, the time is now. If you have been paying attention to the U.S. stock market, you know the last couple of weeks have been brutal. Nasty. Ugly. Insert your descriptive word here. The DOW dropped another 445 points today or about 5.5%. Add that to the 427 point drop yesterday and we are sitting at 7552.29. I am approaching a 50% loss in my retirement funds. Seventeen years of savings. Is the carnage over? Who knows? But, I do know this. I couldn’t be happier. I’m continuing to invest. This is a buying opportunity baby!
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Here we go again. I promised myself I would not blog about the financial crisis again until there was some light at the end of the tunnel. Well, there is light, but it appears to be a freight train. I feel like the alarmist town crier, hustling newspapers with bad news. But unfortunately folks, we have had nothing but bad financial news lately.
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I went to see I.O.U.S.A the other night. The documentary was accompanied by a live panel of 5 including Warren Buffet. The show was simulcast live to over 400 theaters nation wide. What an eye opening experience. I left the theater shocked and wondering how we (The United States) are going to fix the many financial problems facing this country over the next several decades. I pride myself at being informed. I thought I had a fairly good understanding of our collective financial situation. Boy was I wrong. Our National Debt is out of control! Every American ought to watch this documentary.
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