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The way stocks have been melting over the past 16 months, those of us with the courage to open the monthly statement are wondering how low can they go鈥�

Having lived through a few of these episodes, I can tell you the answer is鈥� quite low. I myself have ridden a few stocks all the way to the bottom of Lake Mead, and it gets very muddy.

But I have a strategy for dealing with this, and it鈥檚 very simple: Instead of dwelling on the stocks I bought, I pat myself on the back for the stocks I didn’t buy.

For example, I recently congratulated myself for not buying 100 shares of Boeing in March of 2019 when it was selling for $440 a share!

That was one of the best non-purchases I鈥檝e ever not done.

I am also very happy that I have never bought any Bitcoin, and especially happy not to have bought it last November at a price of $64,400. That means by not buying that one bitcoin, I am about $32,000 better off.

And I resisted the Andy Warhol, which leaves me $190 million better off.

I do mental exercises like this because it鈥檚 cheaper than counseling. And sometimes it even works.

And a positive attitude is going to be very important in the coming months because we鈥檙e seeing more and more signs of an impending recession.

There鈥檚 that inverted yield curve we hear so much about鈥� you can look that one up on your own..

But there are also signs like 鈥� well 鈥� an Andy Warhol silkscreen going for $190 million. Sinking that much into something that hangs on a wall instead of a company that actually makes something has to be an omen.

And there are other signs 鈥� like this clip from Monday鈥檚 interview with the normally stoic Jill Schlesinger 鈥�

鈥淚f you need your money in the next twelve months, it cannot be in anything that can go up or down,鈥� Jill Schlesinger, CBS News business analyst, told 成人X站 Newsradio.

When the unflappable Jill Schlesinger says stuff it into your mattress 鈥� yes, I worry!

And possibly the most ominous sign of all 鈥� my wife and I got an invitation from our broker 鈥� for a client appreciation dinner at a very fancy restaurant.

Somehow it feels like an episode of 鈥撯�� but I鈥檒l let you know.

I plan to bring some Tupperware just in case it鈥檚 a buffet.

Listen to Seattle’s Morning News weekday mornings from 5 – 9 a.m. on 成人X站 Newsradio, 97.3 FM. Subscribe to the podcast here.