Don't Panic?

After sending the following queries to my two best friends, I thought I'd share them with the world, not, Bill, because I think anyone in particular is reading this, but because I want my reaction noted for posterity. If we quickly devolve to hunter/gatherers, just before I get trampled by a giant herd of buffalo, I want to be able to smile and think, "I toldja' so."

Tonight, before heading off to Open House at school, I watched the tail end of the local news, all of the national news, and the beginning of the local news again. I heard/read the words "Don't Panic" at least four times. Just now, it's fully sinking in. How often does one hear that phrase on the news? How often is panic an entirely appropriate response? Could the answers to those two questions be identical?

As a person who owns a whopping zero shares of stock, I will be paying attention to how the Dow does tomorrow.

Is it wrong to fantasize about a complete collapse of the global economy? How often should one participate in such fantasies? Is it the same answer?