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I have a 401k plan thats tied to the stock market. Do I panic now or is there an end in sight .?
12-15-2012, 02:42 PM
Post: #3
PETER T Offline
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The current meltdown is a market correction. The correction is painful for some. If you are losing right now its a disaster but if, like me, you are buying it is a clearance sale. If you are not going to withdraw funds from the 401K in the next 3 months just wait and watch. Most of these corrections last about 30 days. They go down so they can go up!

The problem is that lenders are finding out why it is a bad idea to lend money to people with bad credit histories. They don't pay!

Don't panic - there have been several of these since 2000
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Messages In This Thread
[] - Steve - 12-15-2012, 02:42 PM
[] - Peter T - 12-15-2012 02:42 PM
[] - junzfour - 12-15-2012, 02:42 PM
[] - Flyby - 12-15-2012, 02:42 PM
[] - chris_sockets - 12-15-2012, 02:42 PM
[] - grey'sanatomy - 12-15-2012, 02:42 PM

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