Economic Chicken
Wow you guys, yesterday something big happened. The market had its worse day since July of 2002. Two HUGE companies failed. This is BAD NEWS people. Merril Lynch and some other company that I don't care as much about because they aren't managing my 401K. Had I been smarter, I would have moved my 401K from Merril Lynch sooner considering I was acutally LOSING money on it. You are NOT supposed to lose money on your 401K. But I was lazy (and it was complicated) and I didn't. What the crap is going to happen to it now?
Well any way, Merril Lynch got bought (fortunately) by Bank of America (who, let me tell you and I speak from more experience than probably any of you can have on this subject because I am a relay operator, is much more prone to fraud). The L-something Brothers (the other company) has not been bought and is in trouble. Bank of America and some British bank were considering buying it but the US government would not aid them so as of yet, nothing.
So people, this is a big deal and I am really truthfully scared. Probably not most banks will, but some banks are going to fail, they just are. This freaks me out. You know when else banks failed? Yes, you do. Even if you think you don't, you really do know about it, trust me.
Normally economic crap stays high up but because of this, I'll quote a show I was watching, the problems are going "from Wall Street to Main Street."
I need these economic problems to be fixed now before we go into another depression. I can't handle stuff like that, lol.
So on the one hand I'll tell you straight out: Economists are drama queens. On the other hand our recession is now undeniably severe and I'm getting ulcers worrying about oncoming depression.
I also want my 401K to be alright. Lol.
Well any way, Merril Lynch got bought (fortunately) by Bank of America (who, let me tell you and I speak from more experience than probably any of you can have on this subject because I am a relay operator, is much more prone to fraud). The L-something Brothers (the other company) has not been bought and is in trouble. Bank of America and some British bank were considering buying it but the US government would not aid them so as of yet, nothing.
So people, this is a big deal and I am really truthfully scared. Probably not most banks will, but some banks are going to fail, they just are. This freaks me out. You know when else banks failed? Yes, you do. Even if you think you don't, you really do know about it, trust me.
Normally economic crap stays high up but because of this, I'll quote a show I was watching, the problems are going "from Wall Street to Main Street."
I need these economic problems to be fixed now before we go into another depression. I can't handle stuff like that, lol.
So on the one hand I'll tell you straight out: Economists are drama queens. On the other hand our recession is now undeniably severe and I'm getting ulcers worrying about oncoming depression.
I also want my 401K to be alright. Lol.