A bubble market over a long time gives people the illusion it will last forever … and thus their goal will too. Now … a slow economy gives the illusion this too will last forever … and they will never reach their goal.
The perceptions people had have changed. People have lost faith in banks and public institutions. They placed their trust in them and then things seemed to change.
The good times gave people the impression things would be different this time, and in those times hid misplaced perceptions. In truth, people forgot that bad times have happened before … that there is a cycle in life of both good and bad.
This means there is good news … bad times won’t go on forever … they will eventually cycle to good. Thus, a balance in perspective needs to occur.
Eventually these times may change for the better and those times may be just around the next corner … and it would be important to remember things could change yet again just around the corner after the next.
Everything has cycles in life … your plan should include how to manage both good and bad times and focus on your balanced plan (on what you can control) instead of focusing on all the big issues no one single person can solve by themselves (on what you can not control).