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Re: 2005 and Beyond:The BEAR is BACK ?

Hi Investor,

Thanks for the reminder that real people on all sides get hurt in downturns. I nearly dropped my mortgage in the 80s, and I don't mean to downplay the current risks of recession or the pain it will bring if it comes. But this particular article felt to me like beatup (beatdown?), and I guess that brought out my pedantic streak.

My real point is that emotions are an even worse guide to actions when the bears are running than they are when the bulls are out, precisely because fear is such a strong emotion. I completely agree with you that knowing what's happened before is useful, both in dealing with the emotion of fear and in figuring out what might be happening now.

All the best

Ghoti

[QUOTE="ghotib, post: 10740, member: 98"] [b]Re: 2005 and Beyond:The BEAR is BACK ?[/b] Hi Investor, Thanks for the reminder that real people on all sides get hurt in downturns. I nearly dropped my mortgage in the 80s, and I don't mean to downplay the current risks of recession or the pain it will bring if it comes. But this particular article felt to me like beatup (beatdown?), and I guess that brought out my pedantic streak. My real point is that emotions are an even worse guide to actions when the bears are running than they are when the bulls are out, precisely because fear is such a strong emotion. I completely agree with you that knowing what's happened before is useful, both in dealing with the emotion of fear and in figuring out what might be happening now. All the best Ghoti [/QUOTE]

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