On maintaining your attitude in bad times

[hazebrouck]

OK, it's the end of the world as we know it. The much promised financial apocalypse is now. Reasonable financial analysts on the news are telling us not to panic and then throwing around mental images of formerly wealthy retirees living in the parks like Katrina refugees or Calcutta beggars. And catch phrases like 'double digit unemployment'

Comments

[alyclepal]

I'm having a hard time pulling my head out of my ass this week. I've stopped watching the damned news right now. I can't get past the horse even though I know in the grand scheme of things this is a bump, not a roadblock. Thank you for your post, it's good for perspective.

[chargirlgenius]

But then, when I search my heart instead of my head, I don't really feel afraid.

For some reason, I don't either. There are things that I'm concerned about, but I just keep feeling that there are highs and lows, and this is just a low.

[ladyaelfwynn]

I've not been able to get all riled up about this financial thing either. A part of me is like, "Well, that's what you get for lending money to people you ought not have." Another is, "I'm a librarian for a reason. We're so crappily paid it's not worth it to lay us off." ;-p

Times are going to be tight for some, but I think we'll be fine. I'm more worried about my folks, who've just retired, than anyone else.

[hazebrouck]

Yeah, well, I just retired.

[tash_n_tail]

Nice perspective. Mind if I incorporate it into my view of things?

[hazebrouck]

Of course, love.

[island42]

I had always wondered what TQO stood for.

Personally, I would be positively euphoric if the market crashes. Also, I wish they would enforce naked short selling in the commodities sector. It really does show. At this time, do you have any thoughts of putting a percentage into physical precious metals (if you can find them, that is)?

Wishing you my best;

[hazebrouck]

We have a small amount of gold in the safety deposit box. Enough to pay the gas to get to Vegas after we go bust. The husband and I are planning a strategy session for Sunday. What are the risks overall, what is probable, how should we invest, how can we invest more, etc.