Been a financial planner/investment broker for 27 years. Relax folks. What happens when you feed a baby too fast?.......it pukes, then eats again later. The market had to burp. It'll come back. When? No one knows for sure. But getting out of the market now really isn't a wise move. Getting in the market now? Perhaps, with some money, not everything you got. And be selective.

The credit/mortgage problem is actually a good thing. Just like the mutual fund scandal a few years ago...............it improved the situation in the end. This will too. Now mortgage companies will be a little more selective in their loans instead of giving them to anybody with a pulse.

The market is volatile. Don't play unless you can afford to. Snake's last advice.............diversify. Have some money everywhere.