What's the Good Word?

February 28, 2007

It just seems timely to address the stock market news since every media has the drop in the DOW as their lead story. I read Inman News and Blog everyday and I liked their comment so I am quoting it for you.
"Balance
Ten reasons why a stock market correction (any market correction including housing) is a good thing.
1. It curbs hubris.
2. It scares off speculators.
3.The rich get richer (less).
4. We second guess how brilliant we are.
5. It sheds light on what we may be ignoring.
6. Where there is smoke, there may be fire.
7. It gives us a moment to pause.
8. We reassess where we are.
9. It returns us to fundamentals.
10. It brings balance to life."

In future blogs, I will comment on why these 10 items may be good for the market.
#1 What is hubris? excessive pride or sel-confidence; arrogance.