Yes, hit that panic button. Run for the hills. Dig into that bunker. The sky is falling, the creek is rising, all hell done busted loose, the end is near.
Then again, if the end is near there really isn’t much point to worrying about money, is there? Instead, order up a nice filet mignon and big fat cabernet – on credit, of course – and and enjoy the show. Order dessert. And ignore the spellchecker that tells you “filet mignon” appears to be misspelled. Even if it is, who cares? Are there copy editors and/or English teacher nags in the afterworld? Probably not in heaven! (Just kidding, all you English teachers. Not so sure about copy editors.)
On the other hand, anyone who has had money in the stock market for more than 10 years has seen this before. Several times.
The dot-com bust. 9/11. The Great Recession and financial crises of 2008-2009 (2010?).
War! Famine! Pestilence! Earthquakes, plagues and hurricanes. And that was just the Bush years.
Now we have oil gushing in the Gulf, health-care reform and (gasp!) Wall Street reform.
It truly is the end of the world as we know it.
And I feel fine, in spite of it all.