I wasn't listening carefully to the news, but glancing at web sites like the NY Times, Reuters and the BBC yesterday made it seem like people were jumping out the windows (almost). It was crazy.

J asked me on Friday whether we should think about moving some of our 401K stuff out of our index fund and into something else. I said "no". It's just noise.

(The trouble with getting out when everyone else is getting out is that they always get out faster. And when do you decide to get back in?)

"Dollar cost averaging" is the way to go, if one has money to put in the market anyway.

Good luck.

One constant is that (almost) no matter what, NPR will talk about the (near universally agreed among the VSP, apparently) need to raise interest rates... :-/

Cheers,
Scott.