Stock Market Insanity


Although I have been investing in the stock market for many years, I don’t play the market.  As fascinating as I find it, I also find it quite annoying at times.  No where else in business are things so obvious yet so surprising.  The market was down over 200 points at one point yesterday, ultimately closing down 100.  The explanation given for the large sell-off was Spain.  Have we not been through this or are the analysts completely brain-dead?  Let’s make it very clear, once and for all.  The situation in Europe is not going to get better in the short term.  It is what it is.  Spain is going to need all the help it can get.   France will follow and Greece is absolutely not going to be ok.  So let’s decide, either to accept what’s happening in Europe or not accept it.  But this business of one day it’s ok and the next it’s not, is really getting tiresome.  The markets must stop the knee-jerk day by day reactions.  I realize we must keep the day traders happy but it is unsettling for the rest of us.  Investing in the market if you’re not a day trader, should be a long-term proposition.  If you have good stocks that pay dividends, you should ignore the rest of the nonsense.  Longterm, everything will be fine.  One more time, the European Union is not going to be ok in the short-term.  It will take some very serious belt-tightening and lots of bailout money.  So I really wish the business media would stop the poor, unintelligent analysis.  The fact is, the analysts don’t know what’s going to happen either.  But hedging back and forth, allows them never to take a hard-line position because in the market, there is no room for losers.  Finally, and this is the most important piece of advice anyone could ever give, no one cares about your money more than you, so invest wisely.  The average broker or fortune-teller would be sitting on an a private island in the Caribbean if they had the answers. The reason they beg for money, is they need yours.

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