By now it should be obvious that "austerity" always fails. IMHO, Germany and the rest of Europe should remember the Marshall Plan.
Whenever I need to cheer myself up I just look at this part of my spreadsheet:
Even in a month where everything seems to be pointed down I was still in a position to pull in more than $4000 in dividends and options premium. As long as Beth is still working we only need her salary plus about another $1200 to maintain our lifestyle. Although the potential capital losses are somewhat annoying they're not particularly damaging; it's only about -3%.
On a more positive note F is starting to show some life and GE seems to have settled in to a very narrow range as it sells off the various parts of GE Capital.