This is a nice reassuring article, written by Jason Zweig, that can give you a little social proof to think about. If you are worried sick about today's market you are not alone. Even the greatest masters of investment history, the article points out Benjamin Graham, are not immune. However, the underlying message remains the same. Staying strong, as the reference to Floyd Odlum points out (he had cash during the great depression, and continued to buy stocks throughout, even during decline) can pay off.
The whole reference to the study done by Jennifer Whitson is also quite powerful. This full article can be found in the October issue of Science. I have read the article and it is very interesting, however one of the largest parts of the hypothesis studied is that individuals who are unable to obtain objective control, will instead employ illusory pattern perception (finding meaning in unrelated stimuli as a means to create a sense of control). We at Anderson Griggs are more than willing to talk about any illusory patterns you may have came up with, and in turn offer as much objective advice as possible to help you find control during these turbulent times. Feel free to call anytime.
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