Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: dybdahl who wrote (90248)	11/14/2008 2:16:52 PM
From: lifeisgood	Read Replies (1) of 116555

Can you mention some examples of people who are struggling as a result of the crisis? I mean, besides people losing their retirement money? Many in my small community have already been laid off. Many more are afraid they're next. This makes for a great deal of fear, anxiety and uncertainty about what the future holds. Much of the fear comes not from what's happened already but what people imagine might happen next. We all have a tendency to project the present into the future. That is why so many are currently paralyzed in the markets. They fear that the market will not stop going down. That it could go to (pick a horrible number). The time to buy is when fear abounds (like now). The time to sell is when unbridled optimism abounds. best... LIG

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