OK. So the Wall Street bailout plan failed in the House, causing the Dow to tip 777 points, the largest one-day point drop in history. If you're watching CNN right now, you would think that the end of the world is nigh.
We're definitely in for some tougher-than-usual times, of course. We all know that already. Try to keep the following in mind, though.
- This is a 7-percent drop, which is bad, but it's been far worse. When the Dow lost over 500 points in 1987, that was close to a 30-percent drop.
- There is an election coming up. The media is blowing everything up right now to make the campaigns more interesting.
- We don't even know if this bailout plan is going to help. There's a chance it could make a bad situation worse. Don't freak out if it doesn't pass the first time.
Ah, that's it. Now turn the news off and enjoy your day. The VP debate is Thursday, and should be highly entertaining.
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