About Judith | Contact Judith

60 Seconds Focusing on Value:

"Avoiding the Panic"

(Click the Play button below to watch video)

With stocks swinging wildly, it's easy to panic. The word "panic" comes from the Greek god who startled people with loud outbursts in frightening places. Fear is a defense mechanism that comes out when threatened. When fear leaps from one to another, it turns into panic. Scientists say you can catch other people's emotions as easily as catching a cold. So what should you do? Economist Jason Zweig suggests: Break the circle. Hang out with folks who don't obsess over the market. Turn off the tube. Stick to your financial goals. Resist acting on gut instead of thinking. Take a deep breath. Calm yourself and fight the herd mentality.