Now you can follow the subprime meltdown around the world with this handy interactive graphic from Financial Times. It’s grimly amusing to click the “show all” radio button and then drag the slider back and forth from “Pre-Jun 25” to “Week of Aug 6”.
Sure, the market going ape-shit last week is disturbing, especially if you have investments, but SmartMoney says “long-term investors should probably resist the urge to jump… committing the dreaded deed of selling into a falling market would almost certainly scorch a portfolio.”
Experts Say Selling Into Decline a Bad Strategy [SmartMoney]
(Image: Financial Times)