The market rout of August 5th was substantial and may hint at larger economic problems on the horizon. (Politico)

All politics are loca and that extends to 401k portfolios that are one of the main retirement assets of many Americans. Wall Street headed for the gutter on Monday in a somewhat surprising rout that left many stunned. The markets somewhat recovered on Tuesday but the plunge will become political fodder especially if a Bear Market sets in for any length of time. An interest rate cut would go a long way to help the markets recover and give consumers some breathing room when it comes to borrowing for large purchases. That needs to happen now.