How about offering that advice to government?

Posted by Mitch Kokai at 08:43 AM

The latest Fortune includes an Allan Sloan column urging investors to avoid overreaction to market swings:

What should you do with your investments if you hear that the Dow has suddenly dropped 1,000 points in 20 minutes? Or that euro-panic has sent stocks swooning? The right answer should be "nothing." Because if you have to worry about a 1,000-point Dow drop ruining your life, your problem isn't the Dow. It's that you're not running your financial life properly.

Even on a larger scale, doing nothing often makes more sense than doing "something," as Thomas Woods recently explained to Carolina Journal Radio.

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