The Learning Curve by Muckdog: Emotions Are the Enemy

Friday, January 06, 2006

I've been so busy that I've been unable to follow the financial blogs that I normally read on a daily basis. It's almost as if I haven't seen my friends in a while. I miss you guys. I need to do some catchin' up. Later, if I can!

Instead of jacuzzi and beer to unwind from this week, it's going to be the casino. Oh, and beer. Had to work beer in there somewhere.

I missed the Arnold state of the State speech last night. I didn't read up on it today, but I think it's bonds, bonds, and more bonds. Oh, and don't raise taxes except for water fees and some truck tolls but those aren't taxes those are fees and tolls. Whatever anybody wants, just put it on the charge card. We'll worry about it later. Or, somebody else will worry about it if we've all left the state with our assets in the future. Glory hallelujah, Clinton signed the legislation ending the source tax, eh?

Trying to find anybody out there arguing the bear case. They were out in force last week, but maybe they're busy covering their shorts this week! Of course, we'll have to keep an eye on the bullishness. Here's a bear case from Contra Hour.

I sometimes wonder how folks who don't pay attention to the market will react when they pick up their weekend newspapers. Last weekend, they probably were reading of the inversion in the yield curve, and were scared to death. I hope they didn't sell first thing this week! Now this weekend, they'll see how strong the market was, and even see some predictions for Google that are waaaay up there ($2000). You think these folks will have market orders ready for the open on monday morning? Gap open? Hmm.

I get caught up in the emotion of investing, too. The Nasdaq is up over 4% this week, and I'm in beta stocks (QQQQ, semiconductors, etc). Emotions are the enemy.

Playoff football? Well, the Seahawks were 20-1 to win it all back before the season began. I plunked down some cash on that while in Nevada. So I'm the biggest Seahawks fan ever at this point.

I've been so busy that I've been unable to follow the financial blogs that I normally read on a daily basis. It's almost as if I haven't seen my friends in a while. I miss you guys. I need to do some catchin' up. Later, if I can!

Instead of jacuzzi and beer to unwind from this week, it's going to be the casino. Oh, and beer. Had to work beer in there somewhere.

I missed the Arnold state of the State speech last night. I didn't read up on it today, but I think it's bonds, bonds, and more bonds. Oh, and don't raise taxes except for water fees and some truck tolls but those aren't taxes those are fees and tolls. Whatever anybody wants, just put it on the charge card. We'll worry about it later. Or, somebody else will worry about it if we've all left the state with our assets in the future. Glory hallelujah, Clinton signed the legislation ending the source tax, eh?

Trying to find anybody out there arguing the bear case. They were out in force last week, but maybe they're busy covering their shorts this week! Of course, we'll have to keep an eye on the bullishness. Here's a bear case from Contra Hour.

I sometimes wonder how folks who don't pay attention to the market will react when they pick up their weekend newspapers. Last weekend, they probably were reading of the inversion in the yield curve, and were scared to death. I hope they didn't sell first thing this week! Now this weekend, they'll see how strong the market was, and even see some predictions for Google that are waaaay up there ($2000). You think these folks will have market orders ready for the open on monday morning? Gap open? Hmm.

I get caught up in the emotion of investing, too. The Nasdaq is up over 4% this week, and I'm in beta stocks (QQQQ, semiconductors, etc). Emotions are the enemy.

Playoff football? Well, the Seahawks were 20-1 to win it all back before the season began. I plunked down some cash on that while in Nevada. So I'm the biggest Seahawks fan ever at this point.

Friday, January 06, 2006