It's Only MoneyNearly all of my money is in the stock market, and in the aggregate my stocks are down around 40 percent from their high.
As a result of the stock market decline, the credit market crash and other bad stuff that will have a negative financial effect, I expect to be stuck in my two bedroom Queens apartment for a while.
Nevertheless, I am totally baffled as to why so many people are in such lousy moods over their paper money losses.
I could understand being depressed about losing one's job, or facing foreclosure of a house, or certainly an illness in the family.
The deterioration of one's stock portfolio doesn't seem worth getting too down about.
posted on 10/09/2008