September 2010

Doug's News


September 2010

Dear Friends -

It is now just after Labor Day weekend, Summer is over (for some of us anyway --see cartoon!), it is back to school time, and time to get back to serious work for the Fall and Winter.

It is troubling to read and hear how bad “they” say things are. The other day I heard a Wall Street expert proclaim now was not the times to buy stocks; things were that bad. The next day the NYSE went up 250 points! Some expert ... So I question whether things are bad, or are only bad in our heads, and not so bad in reality.

I love this quote. “ ... the only thing we have to fear ... is fear itself ... nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.” (From Franklin D. Roosevelt’s first inauguration speech at the height of the Great Depression, March 4, 1933).

The sky hasn’t yet fallen. The world hasn’t yet ended. Yes, sales are down. Margins are thin. But – we’re developing new products, new ideas, seeing orders from new clients virtually daily, and keeping our spirits high. All of us WILL survive this mess! After all, in my 30 years in the grommet and furniture parts biz, I’ve seen four recessions (indeed, started this venture in one —that’s how little I knew in 1980!) and sooner or later we pull out of them. Times are good for a while and then slow. It’s just a cycle. Be strong, be tough. Hang in there. Things WILL improve. I don’t know when, but they will.

I wish you and yours all the best for Fall 2010.

Cordially,

Douglas A. J. Mockett

Mooch & Izzy send their best woof!