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Good Foolish Advice

11/27/2011

The Motley Fool column in today’s newspaper deserves emphasis as we sweat out the financial crisis in Europe.  It asks the question “What should I do if the stock market crashes?”

It answers with “Above all, don’t panic.  Remember that the market always goes up and down, and sometimes it moves sharply . . . In the near term, anything can happen, including a crash.  Over the long run, the market has recovered from all its crashes and has gone to set new highs . . . Market crashes have a big upside:  They can offer terrific bargains.  Remember Warren Buffett’s advice:  Be fearful when others are greedy and greedy when others are fearful.”

The next time you read a frightening headline about the European financial crisis or the impotent U.S. Congress, remember this good advice from a Fool . . . The Motley Fool.

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