Showing posts with label market. Show all posts
Showing posts with label market. Show all posts

Tuesday, September 30, 2008

Stock Market Tumble


Our doubts are traitors,
And make us lose the good we oft might win
By fearing to attempt.

-William Shakespeare


The events of the last day and what could turnout to be a couple of bad days is nothing new to the world at large. The good and bad economic times tend to 'come and go' in sporadic cycles. As the picture depicts, the 'bubbles' are chased and eventually those 'bubbles' break.

The hardest part is trying to keep your wits about you and to not let fear grip your entire being. Marie Curie, who won the Nobel Prize in Physics in 1903 said, "Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less." This current economic crisis is no different.

Now is the time to read and learn as much as you can. In doing so, you will better understand what is happening, it will lessen your fear and give the ability to make smarter choices. There is a great cartoon by Gary Larson, which shows a bunch of lemmings walking down and into the water. About half way up in the crowd of lemmings, one is wearing a life preserve ring. He is going where circumstance is taking him, but he is prepared.


As Hunter S. Thompson wrote, "Buy the ticket, take the Ride." You're here and life is not going away. Prepare yourself, let go of fear and enjoy the ride.