You can watch CNBC here....
The Nikkei Index at the moment is off about 10 percent in the first hour of trading. Other Asian markets seem poised to follow it down.
I was wondering what other Kossacks are doing, personally, to weather this particular crisis.
A lot of us are freelancers, and every little piece we have saved is shrinking away and threatening to disappear.
I went to 50 percent cash in my sad little retirement account about three weeks ago. The other half, of course, has been sinking like a stone. I swapped some more rah-rah stocks like Starbucks and a BRIC fund (Brazil, Russia, India, and China) for more defensive stocks like Clorox and Procter-Gamble. And of course they're getting creamed, too.
I thought others might like to share your techniques for surviving the Great Crash of 2008.
I am seriously thinking of buying some gold...
It seems to me that our lack of any competent leader is, as in 1929, making a bad situation much worse. No one in the White House has even TRIED to give us confidence, as far as I can see. We should sue Bush for the wages he's collecting now - what the hell is he doing with himself?