Growing up, I was always told to play dead if a grizzly bear attacks you and to fight back if a black bear attacks you. So what should I do during this current bear stock market attack?
Breaking it down, it looks like the attack seems pretty big at this point. Large stocks are plummeting and the media seems to be screaming bloody murder. It's safe to say that this is a grizzly bear market attack, but should I play dead?
According to numerous blogs and articles, if you're over 10 years from retiring, the answer is yes. Play dead, don't move, and the market will finally turn around and go the other direction. It sounds scary, but if it works against an 800-pound carnivore, then maybe you've got a chance.
Of course, for those that are close to hanging up their work boots, this can be considered a predatory attack, which means the rules change. Fight back. That's what they say. During any predatory attack, this may be your only hope. Try to salvage your money and fight tooth and nail. Hopefully you'll come out of it without being mortally wounded.
I don't know if I can believe everything I read. For my money, I would only trust someone that has actually survived a bear attack of this magnitude, and we won't know who those people are until this turns around. I guess you can avoid a lot of the peril by not hiking in the woods at all. But what's the fun in that?
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