The Sky Should Be Falling!

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by

Chris Johnson
in ,

Just a short follow up. In one day the portfolio I am following recovered about 530%.

That is to say, the reported loss over the last 6 days has gone from 3.58% yesterday to 0.19% today.

Just stay the course and things will get better.

If you are invested in the market, don’t panic. As CBMTTek pointed out, February 2024 the S&P 500 was doing just fine, at the same level. The media wasn’t screaming about the economy tanking.

What is curious is the lack of panic in 2021/22 when the supply chain was in shambles. Ports were not moving products, ships were idling offshore, trains were not getting loaded at ports, etc… and the Secretary of Transportation was at home on maternity leave. Why no panic then?
— CBMTTek

He’s correct. The amount of panic the media projects is tempered by which party is in control.

A 0.001% drop in the market when Trump does something is cause to panic, which causes the sheep to sell, causing the market to drop. A 1.000% drop in the market when a Dem is in office creates a cricket like ambiance. And saying anything makes you a conspiracy theorist.

        

Comments

One response to “The Sky Should Be Falling!”

  1. CBMTTek Avatar
    CBMTTek

    I have the pleasure of hearing a lot, and I mean a LOT, of people all worked up because their 401(k) lost $170K or whatever absurd number.

    Are they retiring today? No. Tomorrow? No. Not for 10 years. So.. they lost nothing until they sell. But… they disagree, etc…

    So, the historical perspective comes into play. They very same people who were excited a year ago about how great their retirement savings were doing, are now convinced they cannot afford to retire. They could a year ago, but now they cannot?

    It is all media driven. I think I said this on one of Allyson’s articles. The only reason why March Madness is a thing is because the media tells you it is. The same logic applies to politics and economics. And, the media has the same power over all of it.

    2
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