The above visual should help put any day-to-day stock market stresses in perspective. If you’re wrong, take the loss and move on. Who really cares that you got something wrong in the stock market? The real mistake is staying wrong and letting losses manifest by adding to them or failing to cut. Lingering and feeling compelled to have a mourning period after each inevitable trading loss is going to lead to a painful and perhaps short-lived career in finance.
I also see the resident perma-bear over at Marketwatch is calling for a 100-year bear market. Now, I am not interested in making ad hominem attacks so much as I am in pointing out the psychology involved here. Keep in mind, this gentleman has been decidedly bearish throughout the March 2009-cyclical bear market. To call for a 100-year bear at this point seems an awful lot like a gambler bleeding away money at the blackjack table, who finally decides to bet all of which he has left on one hand. Besides, a 100-year bear is naturally going to have at least several bull cycles, anyway. So, even a 100-year bear does not guarantee shorts become wealthy.
http://www.youtube.com/watch?v=6GdeU0ww4zY
So you’re telling me we have to listen people complain about bush for 30 more years?
Looks like it.
Damn I remember them all,Threading close to ,excuse me…Hey kids get off the lawn….Ah Old Fart Territory.