I wrote the article below in the midst of watching the market drop 300 points in the morning, then from about 12pm to 3pm, it rallied to post a gain of 300. I told you not to panic! So, is this enough proof to show you that you shouldn’t drink the doom and gloom Kool-Aid that the media wants you to believe? Check out the closing marks for the Dow.
For those of you that lived during the days of Jimmy Carter, you shouldn’t be worried right now. You saw the highest mortgage interest rates in history, high unemployment, and horrible stock market returns. I just don’t see the big signs that say we’re heading for two years of economic decline.