Americans losing billions of dollars in the market.....

[Uben]

....they will be writing off those losses come income tax time, and the governments (next administration) income will drop dramatically. Services and employees will have to be cut back at alarming rates. Who will pick up the tab for the revenue deficit? Look in a mirror.

[progressivebydesign]

1. If you're in the market for the long haul, you ride it out.

Today was awful... historically awful. But unless you're trying to sell tomorrow (which isn't a great idea) then the values could go up by the end fo the year.

[Winterblues]

4. Righttt. You ride out your Lehman Brothers stock

Or your WaMU stocks.

[high density]

5. No, you hold broadly diversified index funds

so your max exposure to any one company is about 2% at most. Money in the stock market should not be there to begin with unless the time horizon is > 10 years.

[katmondoo]

2. This morning 9:00AM everyone on CNBC

laughing it up as if this were just a little blip in the financial world. We have as a nation gone crazy.

[high density]

6. On their special Sunday night they were all deadly serious

Dylan Ratigan especially... When the show opened there was a tremble in his voice.

[cyberpj]

3. "they will be writing off those losses come income tax time" - who is 'they'? I don't get to do that

must be another privilege of the top 5% I guess cause my 401k losses are just plain losses.