well, as you might know, the DOW is down today. it had the largest decline in history (over 900 points) and is now up to a 400 point decline. so what does this mean for all of us?
well if you live in europe, you know that the euro is heavly declining, some parts due to greece's debt.
if you live in the US, lets just hope you took your money out of international stocks, or at least will do so now. you probably shouldnt travel to greece for a little while.
there is one thing we all shouldn't do though. don't stop buying and don't completely stop investing. when crazy things happen in the financial industry, our initial reaction is to hunker down. although saving money is a very good idea, shutting everything off kills the economy.
so...let's be wise with our money. maybe this is the time to buy clothing from online european websites now, since the exchange rate is going to be higher. most of all, lets try not to panic. 75% of financial crisis comes from pyschological mindsets.
ps. i am not a financial analyst but i did go to college for business. if you have any recommendations, comments, or issues lets talk about them!