comment: >
  
  Tesla down 69%. Niiiccceee.
context: For people relying on stocks for retirement here comes the bad time.  On the other hand, those who can weather it now is the good time to swoop in and buy stocks at discounted prices. >
  
  If someone's retired, most of their money shouldn't be in the stock market anyway. >
  
  For anyone not in the know, the closer you get to retirement age, the more you’re supposed to pull your money out of the stock market into much lower risk places, like savings and bonds. >
  
  Sure, but what happens when the bond markets tank like they have been this year? 
  SPY is down 21%, but BND is down 15%.
  And with year over year inflation at 7%, cash isn't exactly safe either. 
  No place has been safe, and much like 2008-09, there are a lot of people who are going to be much poorer in retirement than they expected. Even those that shifted towards bonds and cash as they nearer retirement. >
  
  Retirees who get Social Security will be getting a raise in Jan, 8.7%.    As a retiree, I just did not look at Stocks until after the recovery - lowered my stress level,   I didn't get wealthy, but I also did not have a stroke.  :-) >
  
  Congrats on your survival >
  
  I wish weak oil prices would translate to cheaper oil for consumers instead of inflated profits for oil companies.
  It is still costing $4.30 a gallon for home heating oil which is around $540 a month for heat and hot water.