Mark is one person who understands difficult economic times from the point of view of the 'common man' (or 'common woman' in his more feminine moments so I can be a bit PC) and realises that Stock Market fluctuations mean very little in the big scheme of things to the little people. Which is not to say it doesn't affect us.
As I pointed out in my recent post, The U.S. Economic Crisis - Bring It On, in times of crisis us little people make the best with what we have to work with. We don't fall in a heap hoping that Mom (or the Government) will come and make it all go away (How's that buy out working for you? Crisis over - NOT).
Mark's article is well worth a read as he demonstrates through personal experience this very principle and even highlights the point that with crisis comes opportunity. He concludes with this paragraph that speaks volumes about how real people survive:
No, what this is instead is me saying you, the reader, exercise your capability in the face of economic adversity (no matter what form it ends up taking) to survive this and perhaps even prosper. It’s less important for those of us in sectors outside investment banking to pay minute attention to every movement of the stock market than it is stay nimble, practical, resourceful and to keep an eye out for opportunity. Is that, after all, not the goal of all the great tools and services we talk about daily on these pages?I have to thank Mark for the photograph with this article as it's one of several images that appear with his piece. It kind of sums up my point of view in terms of all the real stock market players who are blowing this so called crisis all out of proportion.
You have the ability and the resources. It will be OK.
If it's really so bad then JUMP. The rest of us will get on with the economic crisis we live through every day. I'm not saying I'm poor by any means but I've learnt how to make the best of what I have. Don't expect me to feel sympathy for you just because you may have sell your million dollar view for 1% of what it was worth when you bought it. That's what you do if that's what it takes to make ends meet.