No video today.br /br /If you were having a rough week emotionally then maybe the Geithner rally will allow you to have a better weekend. If you were freaked 24 hours ago and now you’re feeling better I would say a couple things. One, stop freaking out. Markets go down sometimes. Two, now that you are feeling better maybe you should sort through a few things and lay out a plan of action in case either a huge rally or another big leg down.br /br /Embedded in those comments is an assumption that if you were freaking out you did no real pre-planning and you had the wrong asset allocation. From the something has got to give department if your numbers require 80% in equities but your stomach can only tolerate 50% something will have to give somewhere.br /br /On Friday Joellyn and I drove over to Kona which is about two hours so we were talking on the way and I told her how many comments had been coming into the blog this week and noting the stress from some folks and I told her that I think people make this stuff much tougher than it needs to be.br /br /Long before this bear market started I would write posts about span style=”font-style: italic;”when the next bear starts/span or span style=”font-style: italic;”normal stock market cycles include/span and back then commenters acted like they realized span style=”font-style: italic;”well of course there will be bear markets /spanand span style=”font-style: italic;”yes the market can be very volatile/span but when the rubber hit the road this time it seems like a lot of people forgot.br /br /So to repeat from the past, this bear will end, there will be a recovery of some magnitude and then another bear. That next bear probably won’t go down as much as this one and the last one but it might. This is a certainty (do not read anything into that comment about bull market magnitude or prediction of when) and I am not telling you anything you don’t already know. In fact you knew this before this bear market started–the market goes down sometimes and sometimes when it goes down it goes down a lot.br /br /You can count on one or two of these per decade. If you are 50 you can probably figure out how many more there will be in your lifetime. If you are 50 and figure on seven or eight more of these and you freaked out this time are you going to freak in the seven or eight more you know are coming? Hopefully not.

Last 5 posts by Roger Nusbaum

• The Big Picture for the Week of November 15, 2009 - November 14th, 2009
• Process Drilldown - October 23rd, 2009
• Sunday Morning Coffee 10-18-09 - October 18th, 2009
• A Little Followup From This Morning - October 8th, 2009
• Wednesday Roundup - October 7th, 2009