What NOT to Do in an Economic Downturn
There’s little question—the financial markets in 2008 have been scary. The stock market has fallen sharply; giant, well-known companies have gone under; banks have failed; supposedly safe bonds have lost value; and the government has intervened like never before. These unprecedented events have scared millions of investors. This fear has led to panic. If, however, you’ve been prudent, you’re resisting the urge to act rashly. Today I’m going to focus on things NOT to do right now.