Getting By in a Bear Market
Are you concerned about what's happening on Wall Street right now? What kind of investment strategies should you adopt in this bear market? Is now the time to look for some good stock bargains? As
Tom Fudge: This morning, the news has been good for the stock market. The Dow Jones Industrials rose 500 points. Based on well, I don't know, optimism? Over the past couple of weeks, it's become hard to determine how or why the stock markets have behaved as they have. All we can be sure of is that the news has been very bad. By the end of last week, the Dow Jones averages were down 40 percent from a year ago. And, during the course of last week the Dow saw it's largest percentage decline in history.
For most Americans who are still lucky enough to have jobs, the biggest hit may have come in the 401K. Retirement savings have been pummeled by the stock market crash. Literally trillions of dollars in retirement savings have been lost. And, there's a lot of fear out there. During this hour of These Days, we're going to talk about the way the stock market decline is affecting you, your savings, and your lifestyle.