In September of 2008 the stock market crashed right before the presidential election, it was the culmination of the housing bubble burst, and irrational exuberance during turbulent times.
Many people saw this coming, and yet somehow didn't believe it when it had finally arrived.
Most people lost 45% of their investments in less than two months in the stock market, then they were afraid to sell at the market bottom of the market.
Who can blame them? While everyone was talking about doom and gloom in the media and had nothing nice to say and helped coax markets even lower, there were some people out there who were thinking positive, while others could find nothing positive to say.
Warren Buffet for instance, signaling the fact that the best time to buy is when stocks are low, as there are a lot of good deals out there.
Others continued to talk things down lower, some of the top politicians in fact, using the crisis to get an Omnibus Spending Bill passed in the disguise of a Stimulus Package.
Others, it seemed continued to echo the doom and gloom, chaos on controversy, and sound and fury mirroring the media.
The market dropped another 2800 pts.
Apparently, our leadership in Congress refused to think positive, even as they borrowed money at the lowest possible interest rates of the last 2-decades.
Still, as the bottom of the market shallowed out and started to move upward many noted the upward climb, and yet, some told us that the sky was still falling and that we had better prepare for a 4000 pt.
DOW.
Personally, I have more respect for those who think positive when others dare not.
Let's keep it positive.