Lots of dramatic speech yesterday, when stocks plummeted before our very eyes. Today, the headline in the newspaper screamed: "Down, Down, Down". I managed to stay relatively calm, but succumbed to calling my investment advisor in the afternoon. She said all the things I knew she would say, but I felt better hearing them anyway. A better headline would have been "Fear, Fear, Fear". Everybody said a correction was coming, but the same everybody was somehow surprised. Wishful thinking is so prevalent in humans that it supercedes rationality or reliable information.
We got scared. We don't want change, unless its for the better. Life is about change. But it's equally about our resisting it. We desire the false sense of security. We're attracted to those who promise what cannot ever be delivered. Perhaps that explains Trump's allure to certain people. He's going to turn back the clock. He has so much money he must be right. Let's target people to blame, rather than face our fears and adjust to current reality.
And the irony of all the people who have no stock to protect. They haven't gambled, yet are dependent on those who do for their jobs and way of life. I wish wall street wasn't Las Vegas East, but it is. Brokers belong in gamblers anonymous. The buzz of the risk hurts the rest of us. Yet again.
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