The Market is a funny thing. It (whatever it is) reacts to things like fear and excitement. The stock (and bond and futures and other things that I have no hope of maybe ever understanding) market reacts to feelings, actual real human feelings. So a recession or something like it is a product of people's collective feelings about the future and current value of any given thing. However, the actors in the system (investors and consumers) also react to things that happen in the market, like the changing price of fuel or the change in relative value of the S&P 500. So is it all just made up and a product of one big huge psychological disorder? Sounds like it to me. Luckily, one big thing might change soon, and that's the leadership of this country. I think we need one big giant psychologist to help us out of this muck. Anybody up for it? This probably makes very little sense unless you are in my mind. Maybe I'll unpack it better next time. For now, I'm off to bowl in Manhattan.
Saturday, January 19, 2008
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I believe you are on to something there and that therefore, investors, and others, ought to look for the *inherent* value in things . . . or ideas.
Hence my support for Edwards in the presidential race, as indicated by his answer to Clinton last night when she broke out the old "well trial lawyers have given you a bunch of money John, what are they expecting from you?" (Forget for a moment that there are by definitions at least 2 sides in any trial so that these folks simply cannot be bound together for the exact same cause.) Edwards spoke right up and said something like "yes, they expect something, they expect me to stand up for people's rights to fair trials, and they are going to get it."
In other words, and to tie this back to the topic of the original post, he can SAY that he WILL give his supporters what they expect, because what they expect has inherent value and is NOT a product of mass psychological herd (or flock) mentality.
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