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WORST… SELLOFF… EVER

September 17, 2008 by Bryan

worst selloff ever - Cheaplander.comOh yeah. So you probably noticed the last few days the Eeekconomy™ has been spiralling madly out of control. Dow was down 504 and 449 points respectively. Bailout and bankruptcy shenanigans for major financial companies. The sky is, like, falling. Tankage!

Truth is, it’s been festering forever. I guess when it comes to really serious financials, I’m not really the right person to ask “What the hell do we do now?” This is a lighthearted website about living within your means. I don’t have the answers.

But I can tell you, it doesn’t hurt too much in this state of the eeekconomy to be a Cheaplander. Learning to stay in budget, taking work where you can, looking for bargains, thrifting, making stuff on your own - it’s all good and it’s all part of the Cheaplander creed.

I know a lot of people are hurting, and may be hurting for some time to come. It’s never to late to start cutting back your spending. Join me, join me!

Gah, I sound like an infomerical.

But it’s sorta true - while you may not be able to do a whole lot about your major financial problems, you can try and do some the little things. Those little things might make only a small difference. But it might be more satisfying than pounding your head against the wall while your penny stocks swirl down the drain.

I hope to get some fun Cheaplander articles up in the next couple of months. And hopefully they won’t be so boring that you rather WOULD look at your penny stocks.

(Full disclosure - I don’t own any penny stocks now, but I did during the dotcom boombust. I owned a stock that went from $80 to $212 to $0.50 in about a year. Ouch!)

Sources: CNN, various other news outlets

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