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The point is: The economy will do whatever it's going to do. Focusing on everything that's going wrong is not going to change it, but it will make those who focus this way increasingly gloomy, pessimistic, and resentful. Instead, simply acknowledge that the economy sucks and shift focus to something in your life that is more pleasant. From this more upbeat place, you can then view the same suck*ss economy and feel more hopeful about it. Taking action from a hopeful place is far more likely to result in the outcome you desire, than action taken from a place of fear, gloom, and resentment.
Last edited by CosmicWizard; 07-30-2009 at 09:29 AM..
Market bounced again today ..... better than expected profit reports and continuing claims down. Of course the economy still sucks but looks like it is beginning to get better. If the markets just hold where they are for the next three weeks then there will be a few on here laughing all the way to the bank.
Market bounced again today ..... better than expected profit reports and continuing claims down. Of course the economy still sucks but looks like it is beginning to get better. If the markets just hold where they are for the next three weeks then there will be a few on here laughing all the way to the bank.
The point is: The economy will do whatever it's going to do. Focusing on everything that's going wrong is not going to change it, but it will make those who focus this way increasingly gloomy, pessimistic, and resentful. Instead, simply acknowledge that the economy sucks and shift focus to something in your life that is more pleasant. From this more upbeat place, you can then view the same suck*ss economy and feel more hopeful about it. Taking action from a hopeful place is far more likely to result in the outcome you desire, than action taken from a place of fear, gloom, and resentment.
So are you back in the stock market ?
Is your 401K in stocks and mutual funds ?
Are you taking more financial risk if you are on the optimistic side ?
I'm not doom and gloom but consider myself a realist. When I see companies generating profits from revenue rather than trimmed back operating costs and I see other underlying fundamentals on a consistent upswing for at least 6 months then I may venture back into the market.
Until then I'm cautious and not being overly optimistic.
So are you back in the stock market ?
Is your 401K in stocks and mutual funds ?
Are you taking more financial risk if you are on the optimistic side ?
I'm not doom and gloom but consider myself a realist. When I see companies generating profits from revenue rather than trimmed back operating costs and I see other underlying fundamentals on a consistent upswing for at least 6 months then I may venture back into the market.
Until then I'm cautious and not being overly optimistic.
I am always in the market. Never believed in holding anything for a long period. Just think if you would of got in in March. You would be up alot!!
I am always in the market. Never believed in holding anything for a long period. Just think if you would of got in in March. You would be up alot!!
Ok, that's another story. I'm in too..got some Baxter (BAX) at $47 when they decided swine flu needed a vaccine ASAP. Doing pretty well with it too..currently trading over $56. A few others as well that I'm holding but none for long term at this point.
I merely a wannabe optimist. I picked a bad time to make the transition from pessimist to optimist! For better or worse, I'm a habitual realist/pessimistic myself. It's just that I see little value in FOCUSING on all of the crap that is going on with the economy. I especially see NO value in taking an article that presents a glimmer of hope and ripping it to shreds with resentment and know-it-all pessimism. Even if an article has a pollyanna tone, so what. Not everyone is inclined in a pessimistic direction. Some people are wired optimistically, and I'm not going to waste my valuable energy knocking them. I appreciate their optimism. It keeps me from sinking even deeper into my realistic/pessimistic rut.
Last edited by CosmicWizard; 07-30-2009 at 12:02 PM..
I merely a wannabe optimist. I picked a bad time to make the transition from pessimist to optimist! For better or worse, I'm a habitual realist/pessimistic myself. It's just that I see little value in FOCUSING on all of the crap that is going on with the economy. I especially see NO value in taking an article that presents a glimmer of hope and ripping it to shreds with resentment and know-it-all pessimism. Even if an article has a pollyanna tone, so what. Not everyone is inclined in a pessimistic direction. Some people are wired optimistically, and I'm not going to waste my valuable energy knocking them. I appreciate their optimism. It keeps me from sinking even deeper into my realistic/pessimistic rut.
All this seems perfectly bizarre to me. My personal optimism and pessimism do not drive the market, nor does the market's behavior drive my personal sense of well-being. I don't see the relationship there.
You seem to equate bull markets with a personal happiness and optimism about your life; as if a good economy makes you happy, and a bad economy upsets you.
Outside of whatever investments my money is riding on, I try to keep the concept of "hope" out of the picture entirely. If you can't see the value in reality, then I just don't know what to tell you.
You seem to equate bull markets with a personal happiness and optimism about your life; as if a good economy makes you happy, and a bad economy upsets you.
Outside of whatever investments my money is riding on, I try to keep the concept of "hope" out of the picture entirely. If you can't see the value in reality, then I just don't know what to tell you.
Apparently we see things a bit differently. My personal mindset has a very minimal impact on the market, but all of our mindsets taken together do indeed drive the market. The market does not totally impact my personal happiness, though It does affect me to a certain degree ( more than I'd like actually ).
I'm a big fan of hope, and I purposely let it affect my decisions. I don't take any actions unless I am hopeful that it will produce the outcome I desire.
BTW...I'm not expecting you to tell me anything.
Last edited by CosmicWizard; 07-30-2009 at 12:56 PM..
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