The Motley Fool column in today's newspaper deserves emphasis as we sweat out the financial crisis in Europe. It asks the question "What should I do if the stock market crashes?"
It answers with "Above all, don't panic. Remember that the market always goes up and down, and sometimes it moves sharply . . . In the near term, anything can happen, including a crash. Over the long run, the market has recovered from all its crashes and has gone to set new highs . . . Market crashes have a big upside: They can offer terrific bargains. Remember Warren Buffett's advice: Be fearful when others are greedy and greedy when others are fearful."
The next time you read a frightening headline about the European financial crisis or the impotent U.S. Congress, remember this good advice from a Fool . . . The Motley Fool.
It answers with "Above all, don't panic. Remember that the market always goes up and down, and sometimes it moves sharply . . . In the near term, anything can happen, including a crash. Over the long run, the market has recovered from all its crashes and has gone to set new highs . . . Market crashes have a big upside: They can offer terrific bargains. Remember Warren Buffett's advice: Be fearful when others are greedy and greedy when others are fearful."
The next time you read a frightening headline about the European financial crisis or the impotent U.S. Congress, remember this good advice from a Fool . . . The Motley Fool.
