Friday, October 24, 2008

HOW Much are you willing to lose to your fears?

By l.t. Dravis

NEW YORK, NEW YORK – Friday, October 24, 2008 – Hey, folks . . . what’s going on?

Stock markets around the world this morning are selling off like there’s no tomorrow.

Though it closed down 312.62 points, the Dow was as far down as 500 points today.

Overnight, the Nikkei in Japan fell nearly ten percent, Britain’s FTSE index of 100 stocks dropped 7 percent, Germany’s DAX index dropped more than 7 percent, and the Hang Seng index dropped more than 8 percent . . . other Asian markets dropped precipitously as well.

We’re trapped in a Bizzaro World where we react to a drop of 300 points on the Dow like we used to react when it went up by 100 points.

Hey, investors . . . how much are you willing to lose to your fears?

Get this through your collective heads . . . you’re running from phantoms, folks!

You’re throwing away trillions of dollars, Euros, yen, and pounds for fear!

Stop for a minute and use your heads for something other than worrying . . . okay?

Think about it . . . the basics still exist: there is still plenty of hydrogen in the world . . . there’s plenty of helium, oxygen, food, water, tin, bauxite, gold, uranium or any other critical element necessary to sustain life.

There are oceans of oil, trillions of cubic feet of natural gas, and billions of tons of coal in the ground around the world.

The means of production that existed in last year exist today . . . that is, the worldwide infrastructure that creates, builds, ships, sells, and delivers airplanes, bridges, buildings, buses, cars, computers, DVRs, furniture, highways, homes, televisions, and trucks etc., etc. still exists and will continue to exist for the foreseeable future.

So, what’s the problem?

You’re worried about corporate profits and losses, the credit crunch, deficit spending, layoffs, and an uncertain political future?

Okay . . . so what’s new?

We’re all worried, so what?

Get over it!

Forget your fears, suck it up, and look at the global economy for what it is: Billions of people need and want to be fed, clothed, housed, cared-for, protected, entertained, and transported . . . and those needs and wants will ultimately be provided by businesses and governments around the world . . . and those activities create the ebb and flow defined as the global economy.

It ain’t going anywhere . . . no matter how scared you get.

So . . . let’s get to the bottom line.

If you’re in the market, should you stay?

If you’re out of the market, should you stay out or get back in?

The choice is simple: You can lose your money forever or you can wait it out and ultimately get your money back and then some.

Which sounds best to you?

Huh?

Copyright © 2008 by LTD Associates West, Ltd. All rights reserved.

If you have questions, comments, or concerns, Email me at ltdassociates@msn.com (goes right to my desk) and since I personally answer every Email, I look forward to hearing from you soon.

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