The last couple of days, I've noticed a strong focus on the stock market. It's been a "wild week" as one news anchor described it. Another said that investors are nervous and fearful. Today the DOW fell about 200 points, but ended up the day off just a few points. Whew!
Well, I'm an investor. Most of my assets are in stocks right this minute, invested in some companies that you may have heard of such as Costco, Boeing, and Microsoft. Guess what? I have absolutely no idea how well the stocks have done this week, and I really don't care. I'm not nervous, nor am I fearful. I am hopeful, however, that stocks will crash terribly hard. For a couple of weeks, at least, so I can buy up more for so much less. When I hear news anchors saying that I'm nervous and fearful, that I should step back and rethink my investments, I get very excited. To me, that means it's time to buy.
Why does the news always get everything so darned wrong?