If any of you have a 401.k today was not a good day for you; in fact the last couple of weeks have been bad and looks like it's going to get worse as the market continues to sink, with today being the worst day for the market since 1987.

March 16 (UPI) -- The Dow Jones Industrial Average fell nearly 3,000 points Monday, putting the market on track for its worst month since the "Black Monday" market crash in 1987.

The Dow was down 2,997 points, or 12.93 percent, at the end of trading, reaching its lowest level in nearly three years. The Nasdaq Composite dropped 12.32 percent, and the S&P 500 ended the day down 11.98 percent. The sell-off activated a safety circuit breaker for the third time this month.

The S&P 500 shed 8 percent in early trading and prompted the mechanism to again cut power to trading infrastructure. The safety breaker, installed after the 1987 stock market crash to halt a market free fall, was activated twice last week.


If you are not at or close to retirement age, you should be able to survive this long term, however those of you that are retired or getting close to retirement age are going to be in hot water since much of your investments have lost their value over the past two weeks. Washington, DC is scratching their heads, figuring out what to do to stimulated the economy while owners of 401.k plans are sweating bullets.