Battery Park City Life

The Dow Jones had its largest one day drop in history, down 777.68, almost 7%.  All those sevens don't look so lucky today.  In fact, I've never seen such a red map at SmartMoney, http://www.smartmoney.com/map-of-the-market/.   The only green on that map is Barick Gold, a gold mining company.   So much has happened the past few weeks, with the collapse of the financial companies and real estate market, and now the House of Representatives rejecting the $700 billion bailout bill, it makes me wonder what is going to happen next. 

I lost 7% of my 401k portfolio in one day, almost 25% year to date.  This is crazy.  Something has to be done.  Maybe I should have moved all my money into gold, at least for the next few weeks.  But then again, that would probably be foolish.  Hopefully, this will all be sorted out soon.  I can't bear to see my portfolio fall any more. 

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