In the midst of a stomach-churning financial crisis, the average investor -- or just plain working Joe or Jane -- will likely benefit from a brief timeout to reflect and figure out what to do next.
True, the titans of Wall Street are warning that some of the financial institutions we depend on are teetering. But, hey, the cataclysm they fear hasn't happened -- not yet, anyway -- mostly because the government seems ready to step in with an unprecedented bailout, one that could eventually cost us, the taxpayers, more than $700 billion.
How did this crisis happen?
Throwing money at the crisis won't make it vanish overnight. And there's probably more pain to come. Witness the gyrations of the stock market as Congress debates the rescue plan's fine print.
Navigating the crisis
Thursday, September 25, 2008
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