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Old 10-10-2008, 06:18 PM   #10
Thinks s/he gets paid by the post
freebird5825's Avatar
 
Join Date: Feb 2008
Location: 43N Latitude, NY
Posts: 4,637
every investment book i've ever read has always stressed
"do not panic"
"don't follow the herd"
"stay the course"
"buy and hold"
now, i'm smart about a lot of techno-geek stuff, as we all are in our own specialties, but i am NOT smart about the history of the stock market, nor am I smart about market timing (TG!), nor about stock picking...but i am smart enough to listen to folks who have been at this game a lot longer than li'l ol' me.
patriotic to not bail out? maybe...but methinks that investing in your country's businesses in the first place is a very basic patriotic act. Our investment money helps to grow small businesses into bigger businesses, which create more jobs, which improves our collective standard of living, which...well, you know the rest.
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