Notebook: Lehman Brothers
Financial advisors say the worst thing you can do now is panic and raid your 401K. If you're diversified, your stocks will go back up eventually. If you're trying to get a loan, it might now be harder as banks become more afraid to lend money – something the Fed will consider when it meets tomorrow to discuss interest rates.
These latest troubles are ripples of the bigger mortgage mess. They won't end until that bottoms out – and no one can say when that will be.