Afraid of fear?

The late Franklin Roosevelt told us something about fear. At a low point for the nation, he said, "The only thing we have to fear is fear itself!"

As I view the talking heads, read the scary headlines and listen to the breathless news readers, it looks to me like we're back at that point. Fear is driving the market lower, while the media have a grand time exploiting our minds for their profit.

There are times when doing nothing is the besst course of action. Given the fear that seems to be thrust our way from so many sources, this may be one of those times. I'm willing to take some losses from the market as the market problems are worked through.

The only real fear I have right now is what the people who got us into this mess are doing to get us out. That's the scary part!