Free Fall

As I have mentioned previously I don't know squat about the stock market. But I am starting to figure out that retirement may turn out to be more than a distant dream. And while it isn't really in my nature to panic, the fact that the market dropped yesterday to below 9,000 at closing and today upon opening sunk even lower has even me taking notice.

What looked for some time to just be our own little homegrown problem seems to be making the global rounds. Some crazy bank stuff is happening in Iceland. And the rest of the world seems to be getting beyond miffed with us for pulling them down. Way to make friends and influence people Wall Street.

And to top it all off, the spouse shares this morning that the top muckety-mucks at AIG just went on a "retreat" that cost over $400,000. Why do I get the sneaking suspicion that my tax dollars just paid for some fat, pasty broker to get a facial???

Is it any wonder that our economy is in a free fall folks? More and more I am starting to wonder if we don't all deserve this harsh bump of reality. But maybe I am just grumpy because I am having a bad hair day.