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Penny Stock Traders - Pray for Recession
January 25th, 2008
People are talking about a "recession" as though it could mean the end of society as we know it. Sure, the big R could mean some pain in the short term, but there are two things penny stock investors need to remember:
1. like most things, the anticipation is usually worse than the reality. It's kind of like getting a needle - your anxiety grows and grows, but afterwards you wonder what all the fuss was about.
2. there are dozens of benefits to a recession. This is especially true for sustainable prosperity and growth over the long haul.
Face it - we got entitled, lazy, and sloppy. That's why people have three cars when they need two, customer service has turned into some relic of it's true purpose, and we panic when the economy tries to take a much-earned breather.
Admit it. You must have seen the rapid deterioration in the quality of customer care in the last few years. (Peter Leeds Penny Stocks excluded of course!) Service men and woman don't make their appointments, sales personnel don't care if you buy or not.
Our economy became so entitled that the motto went from being, "the customer is always right," to "the customer lines up here while I deal with the 16 people lined up in front of you."
When businesses need the money, they will treat the customers with respect. When corporations feel the heat of recession, they will streamline their management teams and workforces. When the penny stock and large cap market has capitulated, investors will be able to get involved with much less fear, at what will be historically inexpensive prices.
Expecting the economy to endlessly roar along, without dropping off from time to time, is unrealistic. That would be similar to keeping your star hockey player on the ice the entire game. He'll be exhausted and ineffectual.
Our economy will survive this. For those that think otherwise, I would suggest they are not cut out for investing.
Whether we start climbing out of the current economic funk now or later, this looming recession has served as a much needed wake-up call. Our nation is resetting itself back to the lean, efficient juggernaut we know and love - specifically the productivity machine that has provided us with the prosperity and growth that we've enjoyed for most of the last five generations.