No reason to set your hair on fire — this too will pass
by Brett Arends
If you’re panicking at what’s going on in the markets right now, don’t.
Here are seven things every investor should remember in a crisis like this.
1. This too will pass. Markets are panicking? Markets often panic. They’ve panicked a lot worse than this many other times. And each time in the past they recovered and then some. Anyone who bought stocks after Lehman Brothers has made a mint.
2. This is much smaller a deal than everyone is pretending. The entire European Union accounts for 17% of real world economic output — adjusted for purchasing power — according to the International Monetary Fund. That’s down from 24% at the start of the millennium.