The market is bleeding!!!!!!!!

It's a terrible day to invest. I take that back - it's a terrible year to invest.

• At the end of 2007 - we saw the demise of Countrywide, gobbled up by Bank of America.
• At the beginning of this year - JP Chase purchased Bear Stearns with the backing of the US Treasury.
• Flash forward to July 2008 - the Federal Reserve takes over IndyMac.
• At the beginning of September 2008 - Feds take over Fannie Mae and Freddie Mac.
• This week - Lehman Brothers files for bankruptcy while Merrill Lynch agrees to be sold to Bank of America. AIG is on the brink of bankruptcy and poor Washington Mutual is trying to hold on but will they be able to survive?

I was not alive during the stock market crash of 1929. Are we headed towards that era again?? I am sad.