Comments on: Hope Can Be Bad for Your Financial Health http://toughmoneylove.com/2009/01/22/hope-bad-financial-health/ The Hard Truth about Money and Personal Finance Tue, 31 Jan 2012 13:37:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MasterPo http://toughmoneylove.com/2009/01/22/hope-bad-financial-health/comment-page-1/#comment-2238 MasterPo Sat, 24 Jan 2009 02:39:38 +0000 http://toughmoneylove.com/?p=1279#comment-2238 I agree. While a positive attitude helps, smiling won't keep the Titanic from sinking. I agree.

While a positive attitude helps, smiling won’t keep the Titanic from sinking.

]]> By: Lou http://toughmoneylove.com/2009/01/22/hope-bad-financial-health/comment-page-1/#comment-2231 Lou Fri, 23 Jan 2009 18:06:30 +0000 http://toughmoneylove.com/?p=1279#comment-2231 the market didn't drop during the inauguration be/c small investors, ordinary people, were selling. Institutional investors - not "most investor" -(think gamblers & manipulators - think Madoff) were/are scared of the restrictions on greedy manipulation that are coming & they were profit-taking after a small rally. We've got a recession - not a depression. Things are ambiguous, not terrifying or hopeless. If you are a small, regularly contributing investor there's not much reason to do anything differently. If you are an arrogant Wall St high-roller, that's different. I wonder if hope is the problem, really? Perhaps the underlying issue is trust. the market didn’t drop during the inauguration be/c small investors, ordinary people, were selling. Institutional investors – not “most investor” -(think gamblers & manipulators – think Madoff) were/are scared of the restrictions on greedy manipulation that are coming & they were profit-taking after a small rally.

We’ve got a recession – not a depression. Things are ambiguous, not terrifying or hopeless. If you are a small, regularly contributing investor there’s not much reason to do anything differently. If you are an arrogant Wall St high-roller, that’s different.

I wonder if hope is the problem, really? Perhaps the underlying issue is trust.

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