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Then things are looking up a little:
"Stocks ended a holiday-shortened week with some of the steepest gains in 75 years. Major indexes have locked in some big advances, including 16.9 percent for the Dow Jones industrial average and 19.1 percent for the Standard & Poor's 500 index, since the rally began Nov. 21."
A bad outcome doesn't mean you made a bad decisions.
Consider this:
"Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree."
And this:
"In confessions of a winning poker player Jack King said few players recall big pots they have won strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career."
Or you can look up cognitive bias in Wikipedia.
Too bad Cognitive Behavioral Financial Therapy isn't available.
