My long term retirment accounts & real estate ( home plus investment property) have been impaired by about multiple hunderds of thousands of dollars since August 07.

Basically most of the prior 2 years of capital increases have withered away over the last 6 months.

I understand the pain you are feeling now on your other investments. My 401-k's just dropped below January 06 levels. Hang in there.

As silly as it is to be spending any cash now - I added a few thousand more of our little ol' PTSC today. Now we wait.

The worst part of this market fall back is that, to me, it seems contrived. I've heard about Countrywide Financial being in serious trouble for six weeks now. Over and over and over again. I think it depends on which way one wants the political winds to blow in an election year. My cup is half full!