As usual, there’s never a shortage of fear factors out there to worry about. The crisis du jour is everpresent, and always worrisome.
To me it seems now more than ever turning off the CNBC makes sense. For every bull there’s a bear, for every analyst saying buy gold there’s one who says it’s a bubble. It’s pretty ridiculous.
And the newsactors – that’s what they seem to be to me anyway – just hype things into a frenzy. The drama when you watch Fox News or CNBC sometimes is just unbearable. They make everything out to be an “alert”. So much so as everything ISN’T an alert if everything IS an alert (think about that one).
Anyone who pretends to know what’s next is naive. Of course, there are many who will be right – that’s the nature of predictions. Someone MUST be right… RIGHT? Provided there are enough predictions, some financial analysts, economists, etc. will have to be right – it’s just simple math!
Another advisor who’s done a lot of study in the area of behavioral finance created a series of sketches. You can find them at his website – behavior gap .com They’re great conversation pieces.
Since there’s no shortage of predictions as usual, I thought this one might spark a smile:
While we don’t know where the market goes from here, one thing is for certain – everyday is a new day, with new news, and new concerns. Don’t let the things you can’t control cause you anxiety. This is a lesson I still haven’t learned well, but I’m working on it everyday.
Side note to that – I’ve created and uploaded a website site map for www.redrockwealth.com. Peruse if you’re interested!
Have a productive week!
Greg
