Positive action in response to economic pain

[BleeckerSt_Girl]

Many people have lost the value of what they had and can't just buy up stocks 'on sale' now. They simply don't have the additional money- it was all already in stock investments and has now plummeted.
And others cannot tie up what liquid savings they have in long term cds and long term investments, etc. They have mortgages to pay and their jobs are hanging on by a thread, their small business orders are dropping off drastically. I have a lot of friends in this situation.
To most people, this is a serious problem, not a minor inconvenience that can be ignored.

[Mr. Bloom]

Many people have lost the value of what they had and can't just buy up stocks 'on sale' now. They simply don't have the additional money- it was all already in stock investments and has now plummeted.

Lisa, you're absolutely right. To that person, I'd advise that they sit tight. Ultimately, if they are reliant on their investments for income, a heavy investment in stocks was ill advised to start with, but selling low won't make it right.

News Flash: the "talking head" commentators on MSNBC were nearly 80% bullish on stocks today - the day that the market was expected to open "limit down" but didn't. Not for long term, but for an adequate bounce that may enable some to get out in the next few weeks/months.