July 5, 2010

The 401k Fallout

Since this is a blog format, posts are being always sorted in chronological order. I label each post to group them by topic. This one goes into General section.

If you are to watch the video, read this article first to see how different sentiment toward 401K was back in 1997.

The video was broadcastred on April 19, 2009 when S&P was 870. Today, just a little over a year later, S&P stands at 1023 after hitting 1217 just two short months ago. That's a 16% loss in two months.



Comments to the video can be read here and a short interview with Steve Kroft here.

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