Partying (Or Not) Like It's 1997

With stocks at their lowest level in 12 years, what's an investor to do?


After seeing today's news that stocks fell to their lowest levels since 1997, I felt depressed. How will I ever save for retirement when half of my investments have already evaporated? Then I remembered that I recently rebalanced my 401(k) and felt mildly relieved. Instead of being 100 percent in stocks, an extremely aggressive stance, I put around one-quarter in safer investments, including bonds. And finally, I've decided to forget about the whole thing, go home, make dinner, and watch 24 while avoiding any further discussion of my retirement portfolio.

What about you -- do you have any especially handy denial techniques that you plan to implement tonight?