Market, economy and the investors

1. Market in the short term is the rate of change of news - like a popularity contest
2. Market takes the elevators on the way down and takes the stairs on the way up
3. The economy may be doing bad, but the market may be doing well. 
4. Market is forward looking and the economy is current looking
5. Some job losses may be good for the economy and market, because that may clean up the old economy jobs and the antifragile
6. Economists may not be great investors
7. At the bottom of the crisis, any good economist should be able to say all the risks facing the markets and outline why the market may go down
8. Investing needs a healthy dose of optimism and faith during these tough times
9. Pessimists might sound smart, but optimists will make money
10. However, I don't want to imply that being a forever optimist and overlook your risks. Investing is personal and risk is always measured from a frame of reference which is life situation. The answer should be different for everyone. Here is an essay to analyze your mortgage and tail risks