Now panic?

[javasaurus]

Dow closes down more than 600 points, ending less than 8700. It was at about 14000 one year ago.

GM is at 1950s levels (down more than 30% today).

Cedar Faire (they own Cedar Point, King's Island, King's Dominion, Knottsberry Farm, etc.) is down more than 20% for the day.

Edit: Dow closed down nearly 700 points, ending less than 8600.

Comments

[javasaurus.livejournal.com]

With some 401k plans, when you put in a request to move money around, it can take days or weeks. I think this is intentional so that people keep their eye on the big picture instead of "playing the market" with their retirement. My plan used to allow four such moves per year, and it would occur thirty days after the request. That changed a couple of years ago, I'm not sure what the current rules are. But your plan may have a similar structure.