ONly because it's Sunday and early will I exude a little estrogen on this hallowed thread. I have great respect for testosterone and Allan.
I am 80-90% cash at the moment-- even the mutual funds are cashed out, which probably is some sort of early Josephine6P indicator-- après moi, le déluge
Also at a dinner party last night, I noticed that when I mentioned something about the market, a deathly pall came over the group, eyes glazed and the subject was quickly covered over. I had committed a grievous faux pas- as if I had burped loudly or eaten the pasta with my fingers. I was lucky they would even pass the salt to me after it.
Now not long ago, the market was a socially acceptable topic; stories of how much their tech stocks had gone up, eager questions about "what are you buying?", and opinionated lectures on the New Paradigm abounded.
Well, whoops.
Is there a psychological progression to the bear that's equivalent to Kubler-Ross' Stages of Grief?
Denial-- hmm- down 100.00 a share-- just a little dip- better buy more
Anger- what the hell is management thinking? They better replace that CEO!
Bargaining- GOd, just let me get out even and I'll never invest in anything riskier than CDs again.
Depression- I have lost my family's inheritance/IRA/life's savings/college tuition, and we are going to eat macaroni for the next twenty five years, and I hate macaroni
Acceptance- Local community colleges can provide a fine education. Working til I'm 95 is probably good for my health, and macaroni is ok with cheese. |
