Tuesday, September 30, 2008
This is no time for Panic....
Yesterday the market tanked 777 points. I said to a friend of mine, "it was the "perfect drop". Thank God it didn't drop 666 points." The media immediately started telling us how bad everything is and how this is the worst single day drop in history etc. The truth is that yesterday's drop was only 7% - OK, that's a lot, but put in perspective - Black Friday in 1985 the market dropped 22% in a single day. Last week the market dropped several hundred points on Tuesday, but by the end of the week had gained it all back. Don't buy into what the media frenzy is saying and hyping up. Stay the course and keep an even keel temper about you. This is no time to panic. If we panic, then things really do start to get bad. Obviously our elected leaders in Washington are having a serious lapse in their ability to LEAD right now. Where is the leadership? If this were not an election year - I have said, NONE of this would be happening. But because it is an election year, we are in total chaos. I have encouraged both presidential candidates on their blogs to STEP UP and LEAD us with positive campaign advertisements - tell us exactly how they will lead us through this chaos. With each specific talking point to tell us how they would lead us - specifically in each category. From health care, to the economy to international engagements etc - it's time one of these guys STEPS UP and demonstrates his ability to lead by giving us specific examples of how we are going to solve these issues - in a POSITIVE way. I am really sick and tired of all the finger pointing and negative talk from all sides. It's time for true leadership and that means that someone is willing to show all their cards, to make themselves vulnerable and open - and that is something that takes courage and passion. Unfortunately in an election year, also something we probably won't see. My prayer for our leaders is that they could/would put aside their individual greedy needs and LISTEN to what others are saying. First seek to understand, then to be understood. Easier said than done, but if we all thought more about the other guy than ourselves - then we wouldn't be in this mess to begin with. God, please bless this country and this world!
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