A Few Questions to All the Panicky Peoples Out There in Blogland

January 24, 2008

Think back if you can to the last day of March 2007.

  • Was your throat tight?
  • Did you feel as if the world was collapsing in on you?
  • Were you worried that the global economy was going to wash away your home like some financial tsunami?
  • Did you feel like you needed a bailout and that everyone else in America earning less than $75K per year probably needed one too?
  • Did you actively make plans to abandon your 401K at work and bury your money in mason jars in the back yard?

The Dow Jones Industrials closed 25 points higher today than it did on March 30, 2007. Quit freaking out and get back to work. Go out and buy something made in America. But don’t pay for it out of your home equity.

It’s that simple.