Stock markets are plummeting. The stock market is a nasty roller coaster ride.
Do you talk this way? I don't either but that's how the media works. Sexy, scary headlines get your attention and appeal to your emotions. Then your emotions make you think and act differently than you know you should. My advice: turn off the TV, stop reading the newspapers, and stop listening to the radio for a few days. All this negativity will evaporate eventually.
Listen, this mini 2-3% correction was long overdue. The markets have had an incredible year and this normal volatility is the price we pay for trying to stay ahead of inflation. Make sure you know how your money is invested and how much risk you're taking. If you do, don't do anything right now but sit tight.
Friday, July 27, 2007
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