Wednesday, October 22, 2008

D minus 13 : It's the Economy

My 401k has lost traction over the last few years, but this year and this quarter it has dropped in value 34.53%

That means all the contributions I made this year into it never made it, they were chewed up by the toxic economy. An economy that was allowed to run amok.

In 14 days we'll have a new president. I HOPE it is an administration that can steer this runaway bus back on to the highway. Someone who knows the difference between strong and weak 'fundamentals'.

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