Little Guy 'Cries a Lot' as Market Hurts All Over

Investors seek options, others dip into savings for house payments
By Matt Cantor,  Newser User
Posted Sep 19, 2008 10:54 AM CDT
People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York.    (AP Photo/Mark Lennihan)
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(Newser) – Wall Street’s crisis has prompted a variety of reactions in everyday lives as Americans rush to decide where to put their faith and their dollars—and try to avoid the pain, the Wall Street Journal reports. Some are pulling their money out of the markets as conditions worsen, while others plan to stick it out. Still others see investment in the tangible, like gold—or even cows—as the safest way forward. Those without investments are paying with their jobs.

But one thing is shared by nearly everyone—it hurts. “It gets to where you cry a lot at weird times,” said a worried woman who lost her job and had to dip into her retirement savings to make house payments. Some are a bit more upbeat. “You still drinking Coca-Cola?” asked one optimistic soul. "You still washing your clothes? That's Procter & Gamble."