http://www.nytimes.com/2009/03/03/business/worldbusiness/03markets.html?exprod=myyahoo
Folks, this is not the time to despair or panic. That only drives stuff lower. Governments everywhere are doing what they can. But, we all need to do our part. So, what does 'doing our part' mean?
We all have to keep on going. Keep contributing to your retirement fund. Keep saving for your kids' university education. This is not the time to 'stuff the mattress'.
Ok. People are scared. But if money is NOT tight for you (ie you are employed), then go out and
have a coffee. If everyone just sits on their pocket books, then the flow of money will slow down even further. Now, am I saying that everyone should go deep or deeper in debt? No. But, we need to take a breath, slow down, and keep on moving forward. Yes, there are people losing jobs. But the best way that I know of to create new jobs is if those with jobs keep investing. And personally, the husband and I just look at each other when we see the markets and say, "It's all on sale."
Stay sensible and keep on moving. Time to go buy a coffee. We're gonna get through this.
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Be peaceful and respectful.