Wednesday, October 29, 2008

Bear Market Perspective

Things are a bit crazy right now. There's a lot of fear out there. I think its a good time to put things back into perspective. I suspect Habakkuk (Old Testament minor prophet) probably saw his share of bear markets as well- and he didn't have $700,000,000,000. Here's his response to tough times:

Habakkuk 3:17-18 "Though the fig tree may not blossom, Nor fruit be on the vines; Though the labor of the olive may fail, And the fields yield no food; Though the flock may be cut off from the fold, And there be no herd in the stalls— Yet I will rejoice in the LORD, I will joy in the God of my salvation."Economies and markets come and go but some things remain constant.

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