OK, everybody just calm down. The Main Stream media says we are in a recession and we are not: A recession is two consecutive quarters of negative GNP growth and we have NOT had that.
Sure the banks are in trouble. They got greedy and stupid and made a couple million bad loans to people they should not have. Now the economic system is correcting that. It will work out.
After 9/11, the stock market "crashed"...but it recovered in 59 days.
The Stock market has made money 100% of the time in any 10 year span and 97%of the time in any 5 year span. Take a breath. When the market is down, that's when you buy. Keep funding your 401K and your Roth IRA. Relax. You're in K-mart and the blue light just came on.
The feds cut the prime 3/4 of a per cent today. That means nothing to you, unless, if and until the banks pass that along in rates, and they likely won't.
It is a good time to be out of debt. Cut up your credit cards if you haven't already.
Oil is down 13% from $100 a barrel, the President wants more tax cuts and just might get them, the Fed cut the prime. Spring is just around the corner, the weather and the economy will both improve over time.
Find a state park and go camping.