Thursday, October 9, 2008

The Sky is falling!

The global finanical meltdown has affected the man on the street.

It is not about liquidity anymore, it is about confidence!
Confidence is harder to restore than liquidity.
Merely injecting liquidity might not solve the root problem.

This is because Fear is a greater force than Greed.
Losing $5000 has a greater heart stopping adrenalin effect than gaining the same amount.

People want to preserve capital in the midst of global bad news. It will take some time to heal.

Meanwhile, buckle up and if you can, enjoy the ride.


emjei said...

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Bobby said...

Hi MT! It's really a credit/greed problem. People must live within their means and use credit extremely sparingly. America is beyond broke.

Aspiring Entrepreneur said...

I agree!!! I am losing a lot with regards to my investments in stocks and equity funds. ;(

JJ said...

You are a fear prisoner. Yes, you are a product of fear.

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