If you think about it, a down stock market is a good thing. A recession is also good once in a while. As prices fall, the amount of liquidity and money flow into companies dries up. This forces companies to "cut the fat" in their operations, and provides the motivation for improved efficiency both in the marketplace as a whole and within an individual organization. Without downside, the forest of companies will grow too inefficient, and there will be a lot of dead wood around. With this inefficient environment, all that's needed is a small spark, and the entire forest could burn down. Better to have smaller fires that clear the brush and provide the nutrients necessary for future growth than to have one big dead forest ready to make a bunch of ash.
How about yourself? Maybe this writer's strike-imposed fast from media has been good for all of us? It gives us a chance to cut the fat and prepare for when opportunity is more abundant!
More later.
