Can you feel it? There’s panic in the streets! The stock market is crashing and the hysteria is starting again.
Over at USA Today, for instance, two financial writers I love to hate are up to their old tricks, singing songs of sorrow to the masses:
- Matt Krantz, who is always dogging Apple, writes that the stock has fallen “close to a freak-out level”.
- Meanwhile, his colleague Adam Shell talks about a “panic spike” and wonders when we’ll reach the bottom of this dip. Will we reach the bottom?
All over the TV and internet, other money mavens are filing similar stories. And why not? This stuff sells. It’s the financial equivalent of the old reporter’s adage: “If it bleeds, it leads.”
Here’s the lead story at USA Today at this very moment:
But here’s the thing: To succeed at investing, you have to pull yourself away from the financial news. You have to ignore it. All it’ll do is make you crazy. [Read more…]