And never were those two words more comforting than today, after our stock market took its largest hit in history(!) and the Dow Jones nose-dived 2,000 points, ending an almost 11-year bull market.
Now the THGG does tell you some interesting facts about intergalactic travel: where to find the best Pan Galactic Gargle Blaster and the best rehabilitation centres to recover from drinking them, the importance of always having a towel with you and its many uses, how to properly insert a gargle fish into your ear, and the proper way to address a Vogon and exactly why you should never let one read you poetry!
However, the book is quite light on facts about Earth. Luckily for my readers, I have been getting all of you “recession ready” for the last two years with my many rambling posts and speaking appearances. But for those of you who missed out on my earlier warning or those of you who did not listen, it is not too late. We are past the point of getting “recession ready” and it is now time to do some “recession proofing.”
Markets have tanked. First step is DON’T PANIC. Just don’t do it. This is what kills people in crowds – the herd panics and people get trampled! Do not start selling your shares now. I know this is the polar opposite of my earlier direction, but at this point you are stuck with them. Never sell them on the way down. Now you need to swallow your medicine and it is going to be a bitter pill to swallow. This is the point I say I told you so and not just me, but all of those great men out there like Ray Dalio and Warren Buffett. Now you need to white knuckle it. Prices will go up… eventually. It is what the stock market does. Hopefully you were in solid companies….”
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