‘Don’t panic’ is probably the worst thing you can say to an investor

After all that time, I finally figured out something really important when we’re fighting: Never, ever tell her to calm down when she’s mad.

Outside of a handful of U.S. tech stocks, it’s been a fairly crummy year for the global stock market, and after a record-setting bull market, you might be wondering if the end is near.¹ The Dow Jones Industrial Average DJIA, -2.13%  has sunk about 1,400 points in two days.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte