What to you think about the stock market?

Question

my 401k plan has been taking a nose dive & this country seem to me falling apart. gas prices are crazy. i am still lucky i guess to still have a job.

Answer 1

yes, very lucky, a lot of people are losing their jobs right now

and it's the good paying jobs with benefits that are going away

park your 401k in your companies safe fund asap, then get ready to ride the bull market when it kicks in

Answer 2

Purchase more. I know its counter intuitive, but his is when you purchase at the bottom. The rich always purchase now and hold until after the turnaround. Put some more money in your account, pick up some positions and hold them suckers!

Answer 3

Agree with the last 3 posters - time to start bargain shopping!

Answer 4

Scary as the market is, look at the big picture.  Do you think that the market 5-10 years from now is going to be up or down?  Most likely up right?  Therefore look at this depressed market as a chance to buy good stocks at major discounts.  Stay the course on your 401K and keep contributing if you can (unless you have more pressing financial issues) and 5-10 years from now when the economy recovers into a bull market, you'll be glad you did.

Answer 5

You are right. Market has gone crazy. To a part I believe countries should stop trading oil. Commodity futures on oil trading has driven this precious oil to a record high. Some sanity needs to be brought in. People going crazy to see their investments going down.

Answer 6

People express panic sentiments like this every time there is a recession or crisis.  But recessions and crises always end.  401(k) plans are for LONG TERM investment, not short term market timing.