If you're looking for some solace, seems like anyone of us who's had a 401K or IRA for a while is going through the same crazy thing. Granted, you're losing more total cash than the Gen-Xers, since your "egg" has been in the incubator longer.

I'm just going to throw this out there and see if it "sticks" with the folks who are better versed in macro-economics than I can ever be:
If enough folks wind up losing huge chunks of capital, including retirement savings, is there a chance that there will be a major "re-pricing" on common goods and consumables? In other words, if demand drops sufficiently due to dire straits, the price point will need to shift accordingly, a la the gasoline scenario of the past 6 weeks. What am I missing?

I'm just looking to re-assure MotorDavid that he'll be able to buy his next E70 X5 4.8 for a mere $35K, hence cushioning the horror of his (and everyone else's) IRA depetion.