Sunday, July 6, 2008

Chronicles Of Depression 2.0: #142

Investors' anxiety builds as retirement nest eggs show cracks
The bad news is in the mail.

In the coming week, millions of ordinary investors will rip open envelopes holding their retirement account statements for the second quarter and cringe. Most will find their stock and bond funds in 401(k) and individual retirement accounts sank between April and June as soaring fuel prices and woes in the financial sector dragged down markets.

While the first quarter also brought some steep declines, the second quarter could feel more painful to the majority of investors who track market activity casually, financial advisers say. That's because markets climbed through April and early May, before tumbling late in the quarter, dashing hopes of a recovery.

When it all goes poof!, see this previous post.

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