5 stages of denial: Depression/Recession Psychology

I learned this today: How does it apply to you?

Stage 1, Denial: "I should throw away my 401(k) statement without even opening it." Or, "If we suspend mark to market accounting, everything bad will go away."

Stage 2, Anger: "Why did this happen to me? It is unfair that Wall Street benefited at my expense." Or, "Why the hell is AIG's bailout money going to its counterparties like Goldman and Deutsche Bank?"

Stage 3, Bargaining: "Just give me one relief rally and I can make it all back and sell."

Stage 4, Depression: "The market stinks, no one is hiring anywhere. Why should I bother?"

Stage 5, Acceptance: "It's bad, but these things don't last forever. I'm going to work on my career and portfolio to be prepared for the opportunities when they do come."