Stop the Fear, Stop the Media, 401k Blues

Homer, My 401K DOH!!Enough is enough.  By now I'm sure you all know that U.S. 401(k) losses have hit $2 trillion in the past 15 months.  Everyone is freaked out, selling their stocks, hidding money under the mattress, blah, blah, blah.  Take a breath, stop reading the news, and stop being afraid.

Fellow Masters, today's headlines aren't any better:

The National Debt Clock situated near Times Square ran out of numbers as the federal government's debt soared to $10.2 trillion

The DOW is down another 100 points today, approaching 8,000 as everyone shits their pants in disbelief.

STOP.

No, it's not Hammer time, its time to get back to reality and accept the fact that Americans and international investors are scared, in a panic, and afraid of losing more money.

We are all afraid, but the market will not keep going down forever, because Big Money will come in, buy everything on the cheap and reap all the benefits of a Bull run.

How do I know?  History means nothing?  These are dark times, Negative, Negative, Negative.

No one, and I mean no one knows when this Bear market is going to stop, but what is happening is our U.S. Government is doing a ton to fix the problems at hand.  Too little to late?  Possibly, but it's better than nothing.

Masters, Frankie says Relax.






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