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Potential financial chaos in the near future
For those who havent heard, yesterday the market plunged. The DOW has dropped 888 points in the past 2 days. The last time it dropped over 300 points over the course of 2 days was November 2008, and im sure you guys remember what happened then.
Just friday alone the plunge was 530 points, which is 9th worst single day drop in US history. The worlds richest people are out of ~182 billion as a whole, all 401k's lost all gains for the year in a single day. If i were you guys, id withdraw some money because tomorrow, or monday, you might just have none at all if the banks slide. Hell, people are already saying they've been blocked from accessing their 401k's to withdraw money https://www.youtube.com/watch?v=P_dNeQBWsr4 This guy breaks it down pretty well. Its worth a listen regardless of what your views are. | ||
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