Monday, January 07, 2008

Don't Buy the Panic

Ben Stein tells us why its not time to panic. Sure, things don't look rosy - but that's ok he says. The real money is made when things look there worst (and things are nearly as bad as they could be).

He thinks that a recession is a possibility, but perfectly normal and that we will get through we always. I don't know if we'll have a recession and it doesn't matter.

The whole point is that those of us who don't panic will win in the end by staying diversified and continuing to buy during the difficult times.

Scott Dauenhauer, CFP, MSFP, AIF