The economy isn’t so bad

Chicago at night
Ding. Ding. Ding. Wham!
The gavel comes down on another 250 point black eye for the stock market. Somewhere a bunch of sweating guys in suits are swarming out into the sharp New York winter to drown another bleak Wall Street day in pubs and expensive restaurants.
Back when I worked for IBM, I dabbled with trading stocks just enough to see what all the fuss was about. Of course, I’m sitting here blogging for fun and profit so obviously I didn’t win big, but I did learn something interesting.
The market isn’t controlled by some giant HAL 2000 evil computer or a government appointed rich white guy. There isn’t even a mastermind midget behind a curtain pulling levers. The market, and economy in general, are both dictated by human psychology. Fear and Greed, as all the investing books say. The same guys crying over their single-digit stocks, are actually the cause.
The TV tells them every day that the economy is bad, so they start spending cautiously, get jittery, and send stocks on wild rides. The market runs on mob mentality on a very large scale.
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