Wednesday, October 01, 2008
Over the past several days, I have received all manner of dire predictions regarding this economy, the role of government leading up to and during this crisis, and the future of America.
My advice is always "Don't panic". Investment is as much an emotional pursuit as it is an analytical one.
During times like these, there are impassioned pleas of national solidarity - "we" must all get through this, etc. I have been told that the Democrats will benefit from this during the upcoming elections.
The Government is peforming its assigned role of chief meddler excellently...and they have succeeded in stopping some of the more pernicious recursions from which the economy suffers.
U.S. Equities are like a coiled spring.