As a psychologist I thought in these tough times I could offer:
1. Find something compelling to take your mind off it. The wild swings of the market and steep slides can be absorbing, but if you think about it, there are many equally compelling things in your life to dwell on instead. What consumed your attention and time a month ago? Switch chanels in your mind to that other interest.
2. Figure out something you can do and then do it. You don’t have any control over market swings but there are things you could do. If you are worried about the value of your home you could plant an attractive tree to improve curb appeal. And if stocks are your concern, find the stock in your portfolio you don’t feel comfortable with and sell it.
3. Take Care of Your Family. While its unlikely that the recession would progress to a depression, it might feel a little safer at home if you buy some extra canned goods and bottled water, just in case things did go south fast.
4. Exercize. Now is a good time to put on your running shoes or cut the sweets out of your diet. You may not be able to control your finances as much as you like, but you do have a lot of impact on how your body feels and looks.
5. Learn some stress Reduction Techniques. Meditation and prayer can be helpful if you do that sort of thing, but there are plenty of alternatives. An online search will lead you to many sites that have breathing exercizes, and they boil down to take several very deep slow breaths, paying attention to making your breathing full and rhythmic. Doing this can help reset your nervous system from an anxious fearful stance to a resting place from which it is much easier to make good choices.