Image Credit: StockSnap, via Pixabay
By Jason Zweig | Updated Oct. 7, 2008 12:01 am ET
So do you feel like quitting yet?
If Monday’s 800-point intraday plunge in the Dow Jones Industrial Average made you want to give up and get out of stocks, you’re not alone.
I’ve written column after column advising investors to buy stocks on the way down, and readers are in pain. “You say not to bail,” one reader emailed me over the weekend, “but all funds are down. … This whole stock market has me so upset, [I feel] like a deer in the headlights.” Another wrote: “We are, you see, about to enter another Great Depression, just like the last one only much worse. … It’s way too early to be buying stocks. … Or I could be really nasty and ask you which brokerage house paid you to run this stupid column now.”…
To read the rest of the column:
For further reading:
Benjamin Graham, The Intelligent Investor
Jason Zweig,The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Articles and other resources:
Jennifer A. Whitson and Adam D. Galinsky, “Lacking Control Increases Illusory Pattern Perception”