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To: The Ox who wrote (986)6/12/2012 10:42:55 AM
From: robert b furman  Read Replies (1) | Respond to of 8239
 
Hi Ox,

Ther is not a lot of talk about how much descretionary income is being release bty the so far not diminished decline in oil.

Not only is that a big positive but think of the wealth being created by us selling oil to ourselves vs pumping billions to the middle east.

Euro land will takes months and if they go slow it will cost more.

The bond market disiciplin is at work.

Both very positive events - that's why the noise must be so loud.

TXN bumped up their guidance - earnings will reverse this negative funk.

We must stay focussed on profits and wealth creation and that may be easier to do with cotton in our ears.LOL

Bob



To: The Ox who wrote (986)6/12/2012 10:58:49 AM
From: Robert O  Respond to of 8239
 
that’s ok I think it plays into market decisions to try and understand people's mind sets. I think what you are describing about these people you know applies to certain types of (usually unsuccessful) traders. You know the types: it could have always been better, bigger, sweeter. if they get 90% of a move it outta have been 100%. I used to be that way as a part time trader. Now I am a 1/32nd trader lol. I had to learn a lot of lessons like that but if your job is not trading or investing (me) then the key is to understand that and 'trade/invest' accordingly.

I used to be a little bit of what you describe until I got older and wiser and realized it is much more joyful to go through life appreciated what you have than comparing yourself to multi-millionaires who have the life of kings. Easy credit led to larger debt and folks assuming they had to own second homes and maybe 3 homes just to keep up. With the deleveraging of the world your pals will continue to bemoan their lot.