Friday the thirteenth, so far, stock market wise, is ugly. As I write this the market is down 140 points on the Dow and a like percentage in the other indices, and I think you can blame yesterday. The jobs report yesterday was lousy and yet the market the market went up a smidge. Why? The news was bad yesterday; not today; how come it went up yesterday and is down high today? I have no idea.
And that, folks, is honesty. If you want an answer; turn on the television or read tomorrows business papers. They will tell you why when I can’t. Here’s the difference; they don’t have a clue either. But, they gotta say something; so, they make something up. It is what I have been telling you for over 25 years now; NOBODY KNOWS NOTHIN………
Here’s the secret. Once you know and understand that there is no rational explanation for irrationality, you don’t have to react to it. What you can do is not react. In other words, if nobody knows nothing, then doing nothing in reaction to it makes perfect sense, nez pas?
I am not telling you to make your inaction a permanent event; just a temporary brake on your emotions which are bound to get frothy given the nature of investment advice. Listen, tell me if this is not true. Within any given half hour on CNBC, somebody is going to tell you that the market is going down and somebody else is going to tell you that it is going up. Isn’t that right? So, which guy knows? Neither one. Why? Cause NOBODY KNOWS NOTHIN….at least not for sure. So, why believe either one.
So, who should you listen to? NOBODY.
Here’s the very best investment advice I can give you; when you find yourself wanting to react to something you just heard or read…………..lay down until the feeling passes
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