Thursday, June 29, 2017

Profit Takers Gonna Take Profit

I couldn't be a day-trader. The learning curve would've been a bitch and I'm not sure the subject matter would've fascinated me long enough to master it. Besides, I've always had the "don't just do something, stand there" temperament where crowd behavior is concerned. I find what everybody's not looking at far more interesting than what they are -- which is almost always each other's backs.

The market's been a bit volatile the last couple of weeks, and I'm not sure what's causing people to stampede back and forth like that. Maybe there have been reports in the financial papers that are making people lose whatever ephemeral confidence they may have pretended they had in their investment strategies. Maybe they're panicking because their favorite TV shows are on hiatus.

The ups and downs would be less annoying if there were none of my money in play. I keep telling myself not to look at the closing figures every day, and maybe now's the time to take my own advice.

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