So What If It's a Crazy-Investment World?
Instead of running for the hills, investors need to get back to basics.
Check the financial headlines lately? The markets dropped over 9 percent in one day. Greece is on the brink of default. The Euro is crashing against, of all currencies, the US dollar. Goldman Sachs, the prodigal son of Wall Street sued by the SEC and with worse poll numbers than British Petroleum. Investors, still reeling from the Wall Street collapse in 2008 have to be wondering what's in the water, and perhaps more importantly, what to do? While government regulators feverishly try to figure out what caused the huge market plunge just over a week ago (which was followed by a huge rebound last week) — did someone really hit the wrong button? —the rest of us are focused on the economic fundamentals and where the markets are likely to go. …
