Quote Originally Posted by daihashi
s.Investment is not about jumping ship when times get hard. Granted there are times you do this and it's correct to do so, but majority of the time the right thing to do is to hold onto your investments; or sell them and rebuy the stock after it's stable and bottomed out.
The problem is, credit is as tight as a virgins ass. Many new/ used car/ motorcycle/ RV/ boat/ (whatever requires credit to finance) dealers will have to close shop, that will result in high rates of unemployment. As companies crash, the desire to get out while you still have some value persists. People sell things when they need a means of exchange. When you are unemployed, you then will dip into your retirement money (therefore participating in the market correction).

If i have the money to lose and i am in it for the long term, only going to sell if i believe its going to be bad. Credit has to be freed up or people will lose jobs, im talking millions of jobs will be lost by the years end.

Many investment guru's would say the same, but to each his own. Really if your portfolio diversified then situations like this are not a real issue.
Everybody is losing money. The average long term investor is down between 10% and 20% this year (IMHO). Its really a shame.