Irun,   I remember October 19 1987 very well as well.   Another key mistake made by many investors that day was to place a sell order on mutual funds early in the day when loss was only 5% or so but they later found out that when you sell a mutual fund you get the end of day price which was a huge wake up call...more

Congrats to all of the people who have pointed out the irrelevance of comparing the loss based on points!   Unfortunately, I believe the writers of these kind of articles know that they are misleading but they don't care because they are just trying to be dramatic and want people to become traumitized so that they ...more

The cost to the taxpayers for the Cash for Clunkers program was totally insignicant (a few billion is less than 1%) of total spending yet the effect of this program and the $8k housing rebate absolutely got the consumer spending again which is essential for any recovery.   Critics of Obama lose ALL credibility when ...more