Searching For Disaster In The Markets
Dragonfly Capital | Sep 25, 2018 07:51AM ET
We are bombarded with bad news every day. It did not use to be this way. You used to be able to watch the nightly news and learn about important events and things happening in and around your community. Somewhere along the way, it shifted to presenting every story in a negative tone with sensational, almost shocking language.
Hurricane Florence dumped a lot of rain last weekend and flooded much of the east coast. And we saw pictures like this everywhere. Did we see any pictures of the good things that were happening? Families baking for the neighborhood. Or friends helping each other to get through a tough time? Weather is not the only place where this bias is present.
Did you know that with only a couple days left in September that the NASDAQ 100 is up almost 20% this year? The S&P 500 up over 9%? Down in the weeds the news continues to be about Hindenburg Omens, breadth divergences, lack of volume. You would think the markets were bleeding all year. But did I mention +20% and +9%?
This obsession with the negative is ruining a lot of individual investment portfolios. It is time to step away from the disaster and see how there is goodness in people and their actions too. That there is also goodness in the markets. When you look for disaster that is what you find. Shift your thinking and start to look for what is good. Or at least stop searching for disaster.
DISCLAIMER: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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