It is a great opportunity to purchase stock in decent companies without the ridiculous prices, though.
The companies are usually solid, it is the psyche of the markets that needs the attention. If only people would stop and think before going into debt. They really don't need a third car, a plasma TV a pool. If they saved for those things, fine. IF not, how silly. And as for finance companies who offer debt to people unable to service a loan... that is criminal. Once the companies refinance debt with more debt, everyone is in trouble. There is nothing left to hold up that particular house of cards.
'Try not to have a good time...this is supposed to be educational.' - Lucy Van Pelt