Mon 9 Mar 2009
Tech Ticker has a little video about the 5 stages of grief, investing edition. In case you’ve forgotten the 5 stages, here they are:
- Denial
- Anger
- Bargaining
- Depression
- Acceptance
Click through to tech ticker to get some examples of each.
Wikipedia cites that “Grief is a multi-faceted response to loss. Although conventionally focused on the emotional response to loss, it also has physical, cognitive, behavioral, social, and philosophical dimensions.”
While most people think that stock investors are grieving over monetary losses, it shouldn’t be ignored that they’re also grieving over the loss of a bull market, easy decisions, and the loss of certainty. When the market was going up slowly and steadily, it was easy to plan. When you don’t know how large your losses will be on a week-to-week basis, it puts a big crimp in planning for the future.