Optimism During A Bear Market
Buying Into Panic Can Pay Millions–And Sometimes Billions–If You Have The Guts.
The hypnotizing stench of market pessimism never ceases to amaze me. It wraps itself around it’s victims like a heavy smoke—choking them into a deep financial slumber. Some wake up weeks, months, or years later, dazed and confused, while others simply perish.
While many might agree with said analogy on optimism vs. pessimism, very few have the actual courage to operate from a place of optimism during a bear market. During bear markets, writers and commentators scare the bejesus out of anyone who will listen, many knowing full well that fear can cause an uninformed man to fall back with an open wallet and beg for mercy! As Roosevelt famously said, “The only thing we have to fear–is fear itself.” -- Please follow the link below for the entire article.
August 6, 2012 (Source: CEO CA)