Front page Yahoo headline for Friday, August 19, 2011:
Wall Street Sees Worst Four-Week Drop Since March 2009
As a great radio broadcaster used to say: "The rest of the story..."
The US Total Stock Market Index for the year end 2009:
A whopping gain of 29.1%!
Moral of the story? Don't believe all the hype nor believe in all the fear. If we all traded on our emotions, we would all be in trouble.
Fine print: this is no way saying the markets are going to end the year in a great upward swing, nor is it saying the market is going to continue to drop. My crystal ball is as cloudy as yours. But what I do know, that with time, the markets have a good history of working everything out.
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