I was in my office yesterday and I got a call from an old contact and friend — and I do mean old. Al's his name and he's what Wall Street calls one of the veterans. He's been trading stocks for close to 70 years. That's right, 70 years!

He had heard about me extending my contract at Fox and he just wanted to congratulate me.

Al's retired now, but he's as sharp as a tack. So I asked him, what do you think of the markets now?

"A mess," he says. "But I've seen messier."

Then I mentioned all the corporate scandals. They're not pretty, he told me. But it's all probably good that they're happening now.

"We'll cleanse the bums out," he predicted.

So you're upbeat, I asked.

"You betcha" he said.

Things could be a lot worse and he proceeded to recount prior Independence Days in this country.

The ones during the Depression, when we had little to celebrate but did.

The ones during World War II, when we had a lot to fear but didn't.

And the ones in the early 1970s when we had short tempers over long gas lines but kept steadfast hearts.

I was beginning to get his point: things could be worse and were.

But somehow, someway, we trudged on. We are a nation defined more by the sum of its strengths than the sum of all of its fears.

Of all the calls from all the people I've been happy to receive these last few days, Al's was my favorite. Because Al made me think about the good things we have, even when it looks like we don't.

What do you think?  Send your comments to: cavuto@foxnews.com. And watch Neil Cavuto's Common Sense weekdays at 4 p.m. ET on Your World w/Cavuto. 

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.