“Don’t Panic!” Says Motley Fool
The stock market is tanking - are we in for another Great Depression? Is it all bad news? Motley Fool provides another perspective:
Judicious reflection, realization of the truth, and measurement of facts all say the same thing: We’ve seen markets like today’s before — and some far worse. And in every case, the point at which the market has turned irrational or overly pessimistic is precisely the time we long-term investors should have bought equities.
Despite the headlines proclaiming the next Great Depression, this is no Great Depression — only a panic helped along by the short-term mind-set of the financial industry. Financial media’s job is to attract readership by sensationalizing news events, and financial institutions, which are built on commissions and fees, want to keep money moving in and out in order to bulk up their own revenues. So both fan the flames of panic.
Read more: The Wall Street Panic of 2008
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