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The stock market crash and my 401k – have no fear

As of 4 PM EDT, the DJIA has dropped 6% and the Nasdaq has tanked even further at over 9%. Many people are trying to hoard their money in fear they will lose everything, so what we are witnessing is just that, people are switching from the riskier equity markets to government insured bonds. The greatest thing about this is that stocks are a steal right now, and are set to rebound as soon as a positive announcement regarding a bailout comes. You can expect the markets to continue a decline until good news comes and an explosion in the market, as too many people fear the unknown. I’m telling you now people, buy, buy, buy – you won’t see prices like this for a long time to come.