Last week was the worst week in the history of the stock market. Yesterday was one of the best single days ever recorded. It’s a topsy turvy world.
For the last couple of weeks several of the guys I work with have been in a tizzy about the market’s conditions. I keep telling them to breath and stop looking at the indicators. We’ve seen this before and no matter how bad it gets the markets always rebound and usually end up higher than they were before the crisis started.
Fivecentnickle.com has a great post called Four Reasons Not to Overreact in the Current Market today about this very thing. It should help anyone who is experiencing unusually high anxiety right now.