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Financial panic grips Americans amid market turmoil
In our view the current financial crisis devastates millions though not by loss of life. The stock plunge has wiped out nest eggs, dented 401ks, and left retirees and baby boomers unsure what to do. With no safe haven, many pull money into Treasuries, delaying recovery as the $700 billion bailout fails to calm fears. Patience may be the only bright spot as investors hope for a long-term rebound.
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