Building Fortunes in Futures Markets
Thursday, March 17, 2016
Wednesday, October 6, 2010
Why emotional drama?
Why emotional drama?
The husband and wife gifted themselves a new car for their first wedding anniversary. They drove downtown, watched a movie, and finally returned home. They didn't have the garage facility. So the car was parked in the street. To their utter shock, when they woke up the next morning, the car was missing. The car was stolen. First car, first wedding anniversary gift, and they had enjoyed the car for just a day. The wife couldn't take it. With misty eyes she sank into the sofa. The husband too was a little jolted, but he said, “The car is lost. You can feel heavy about it. You can take it easy. Either way the car is lost. Then, why not take it easy.” She gave him a cold stare and the moment passed.
A logical question: When the car, how can anyone take it easy? But what else can you do? Feel heavy, if you want; take it easy, if you want - either way, after the emotional drama, what has to be done has to be done. The police complaint has to be lodged; the insurance has to be claimed… what has to be done has to be done.
You left the milk a little longer than required on the gas stove. The boiled milk is beginning to overflow from all sides of the vessel. Scream, wail, screech, get tensed, and let your BP to shoot up… after all the emotional drama, now what? You will switch the stove off, offload the milk vessel and clean the kitchen countertop. So, eventually what has to be done will be done.
Here we are not discussing about not being emotional, but about avoiding the dramatic emotional reactions. Emotions - yes. Emotional drama - no!
Emotional maturity is not about avoiding emotions, but it is about avoiding the emotional drama. Anyways, what has to be done has to be done. Then, why the drama?
The husband and wife gifted themselves a new car for their first wedding anniversary. They drove downtown, watched a movie, and finally returned home. They didn't have the garage facility. So the car was parked in the street. To their utter shock, when they woke up the next morning, the car was missing. The car was stolen. First car, first wedding anniversary gift, and they had enjoyed the car for just a day. The wife couldn't take it. With misty eyes she sank into the sofa. The husband too was a little jolted, but he said, “The car is lost. You can feel heavy about it. You can take it easy. Either way the car is lost. Then, why not take it easy.” She gave him a cold stare and the moment passed.
A logical question: When the car, how can anyone take it easy? But what else can you do? Feel heavy, if you want; take it easy, if you want - either way, after the emotional drama, what has to be done has to be done. The police complaint has to be lodged; the insurance has to be claimed… what has to be done has to be done.
You left the milk a little longer than required on the gas stove. The boiled milk is beginning to overflow from all sides of the vessel. Scream, wail, screech, get tensed, and let your BP to shoot up… after all the emotional drama, now what? You will switch the stove off, offload the milk vessel and clean the kitchen countertop. So, eventually what has to be done will be done.
Here we are not discussing about not being emotional, but about avoiding the dramatic emotional reactions. Emotions - yes. Emotional drama - no!
Emotional maturity is not about avoiding emotions, but it is about avoiding the emotional drama. Anyways, what has to be done has to be done. Then, why the drama?
Saturday, October 2, 2010
October - The Month Ahead
Welcome to our analysis of key dates coming up in October 2010.
Various markets experienced big moves in September, with the major stock indices managing to shake off the weakness that had dogged them in August. The US dollar, however, came under pressure, particularly from the euro which continued to claw back some of the ground lost in the first half of the year. Gold, often perceived as a safe haven, was relentless in setting fresh all-time highs.
Investors remain concerned about the fragility of the economic recovery, which means there are some potential market-moving events to watch out for during October. Keep an eye on the monthly US non-farm payrolls, which, uncharacteristically, are released on the second Friday of the month (8 October). Current expectations are for a drop of around 15,000 jobs in the USA during September.
Other big events that may result in widespread volatility are the central bank interest-rate announcements. No change to the base rate is expected, but with both the US Federal Reserve and the Bank of England refusing to rule out further quantitative easing to underpin recovery, any signs of additional measures on the horizon could see strong reaction across a range of assets.
Various markets experienced big moves in September, with the major stock indices managing to shake off the weakness that had dogged them in August. The US dollar, however, came under pressure, particularly from the euro which continued to claw back some of the ground lost in the first half of the year. Gold, often perceived as a safe haven, was relentless in setting fresh all-time highs.
Investors remain concerned about the fragility of the economic recovery, which means there are some potential market-moving events to watch out for during October. Keep an eye on the monthly US non-farm payrolls, which, uncharacteristically, are released on the second Friday of the month (8 October). Current expectations are for a drop of around 15,000 jobs in the USA during September.
Other big events that may result in widespread volatility are the central bank interest-rate announcements. No change to the base rate is expected, but with both the US Federal Reserve and the Bank of England refusing to rule out further quantitative easing to underpin recovery, any signs of additional measures on the horizon could see strong reaction across a range of assets.
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