The Rich are Worried

Wealth Matters - It’s Not Just the Money, It’s the Mind-Set - NYTimes.com

We have had downturns before, but people feel this one is different. Are they right? I don't know, I have money in BOTH the market and the "mattress", and plenty of firearms and ammo as well.

“This feels absolutely different because it’s so widespread,” said Eric
Dammann, a Manhattan psychoanalyst, in comparing this crash to 2001 and
1987. “It feels like everything is imploding at the same time as well
as this sense that there is no light at the end of the tunnel.”

Strange behavior is not limited to Wall Street. Brad Klontz, a
financial psychologist in Hawaii and partner in Klontz Kahler, a
financial therapy and planning firm, said someone he worked with had
liquidated his portfolio, put the money into gold and silver and bought
a safe to store the bullion. This person, he says, is considering
buying an assault rifle to protect his wealth. “If it really got down
to that point it would be total anarchy, and there would be nothing you
could do,” Mr. Klontz said. “And this is a really smart guy.”