Posted AT 6:00 AM EST on 05/07/08
How bean counters have hurt your nest egg
Ah, the first week of July: hot summer days, the sound of loud explosions, the sight of things bursting in mid-air before the debris plunges back to earth. Yes, the stock market is putting on quite a show. (Fireworks? Yes, those are exciting, too.)
Wall Street's credit crunch is one year old and the financiers' pain is now yours. The United States is in a full-fledged bear market and is dragging most of the world's equity markets into steep losses.
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