Comments on: How To Take Advantage of Market Volitility http://wealthpilgrim.com/2008/11/volitile-market-tells-us-about/ WealthPilgrim.com Mon, 15 Mar 2010 11:42:11 -0800 http://wordpress.org/?v=abc hourly 1 By: Free Money Finance March Madness, Sweet 16, Posts 13-16 | myBlog http://wealthpilgrim.com/2008/11/volitile-market-tells-us-about/comment-page-1/#comment-166 Free Money Finance March Madness, Sweet 16, Posts 13-16 | myBlog Tue, 24 Mar 2009 20:53:48 +0000 http://www.wealthresourcesgroup.com/neal-talk/?p=36#comment-166 [...] What the Volitile Market Tells Us About Ourselves (Market) - I think this is a great blog - even I have to say so myself. I like it because it provides a realistic assessment of the economic situation at the time which is not pie in the sky or chicken little and it hopefully helped readers get their feet on the ground and realize that their emotions were the greatest financial obstacle they face. [...] [...] What the Volitile Market Tells Us About Ourselves (Market) – I think this is a great blog – even I have to say so myself. I like it because it provides a realistic assessment of the economic situation at the time which is not pie in the sky or chicken little and it hopefully helped readers get their feet on the ground and realize that their emotions were the greatest financial obstacle they face. [...]

]]> By: Neal Frankle http://wealthpilgrim.com/2008/11/volitile-market-tells-us-about/comment-page-1/#comment-12 Neal Frankle Sun, 07 Dec 2008 03:14:31 +0000 http://www.wealthresourcesgroup.com/neal-talk/?p=36#comment-12 Econjack, Your comments hit the nail on the head and are well articulated. I do think its critical to deal with (economic and investment) life on life's terms. In my opinion, the current crises is a result of unchecked greed, irresponsibility and self-centered blindness. If we can emerge from this as a culture of adults, behaving like adults, investing and consuming like adults, maybe it will have been worth it. Econjack,

Your comments hit the nail on the head and are well articulated. I do think its critical to deal with (economic and investment) life on life’s terms. In my opinion, the current crises is a result of unchecked greed, irresponsibility and self-centered blindness. If we can emerge from this as a culture of adults, behaving like adults, investing and consuming like adults, maybe it will have been worth it.

]]> By: econjack http://wealthpilgrim.com/2008/11/volitile-market-tells-us-about/comment-page-1/#comment-11 econjack Wed, 03 Dec 2008 21:07:44 +0000 http://www.wealthresourcesgroup.com/neal-talk/?p=36#comment-11 Neal But, though halting and hesitant it was, our "leaders" decision wasn't rational... at least it wasn't based on any solid science or history. It was a genuinely surreal and nightmarish experience to see the market tanking on the ticker-screen beneath Ben Bernanke and Hank Paulsen while they admitted their culpability and failure--and then prescribed more of the same. I'm not an investor (yet), Neal, but I am something of a political economist. In all my study I find that if we but treat politics and economics as actual sciences, consistencies, and therefore answers leap from obscurity, and help us to identify our real problems and also yield fantastic solutions. Day trading, and "playing the market" seem, in the face of principle and history, to me, to be something like watching for trends in the fur of a grizzly bear--and then betting--without knowing that it's a grizzly's fur we watch. At any moment the bear can scratch its back on a tree, or submerge our fur-market in pursuit of a river trout...and all we see is that our pattern has been completely obliterated. I agree whole heartedly against fear. There's no point in financial fear--just vigilance and most importantly objectivity. It seems to me that the man who makes money in any market is the one who understands that this is a bear--and then work to understand a bear's motivations and behaviors. Neal
But, though halting and hesitant it was, our “leaders” decision wasn’t rational… at least it wasn’t based on any solid science or history. It was a genuinely surreal and nightmarish experience to see the market tanking on the ticker-screen beneath Ben Bernanke and Hank Paulsen while they admitted their culpability and failure–and then prescribed more of the same.
I’m not an investor (yet), Neal, but I am something of a political economist. In all my study I find that if we but treat politics and economics as actual sciences, consistencies, and therefore answers leap from obscurity, and help us to identify our real problems and also yield fantastic solutions. Day trading, and “playing the market” seem, in the face of principle and history, to me, to be something like watching for trends in the fur of a grizzly bear–and then betting–without knowing that it’s a grizzly’s fur we watch. At any moment the bear can scratch its back on a tree, or submerge our fur-market in pursuit of a river trout…and all we see is that our pattern has been completely obliterated.
I agree whole heartedly against fear. There’s no point in financial fear–just vigilance and most importantly objectivity.
It seems to me that the man who makes money in any market is the one who understands that this is a bear–and then work to understand a bear’s motivations and behaviors.

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