Friday JohnKu – AKA TGIF

Its_Friday_Mind_Happy_Hours

 

Friday again. Boy what a week in the financial market. It was one for the record books and not at all enjoyable. I now realize why I don’t like to go to Las Vegas and put my hard-earned money down and watch it being swept away. It sucks when money disappears. (Okay, okay it’s on paper and not real money) I hope everyone who is determined to continue the carnage in the stock market has a nice weekend. Maybe then they will come to work Monday with the idea of buying instead of selling. I for one decided to sit this whole mess out. I don’t need to sell stocks and so maybe when the time comes when I do the market will return to normal. Either that or maybe I can take up collecting aluminum cans. Heaven knows there are enough left on the beach. This week’s JohnKu talks about concern around money. Hope you like it.

Stock Market by John W. Howell © 2015

As the worry stops,

And life becomes easier. . .

The Dow interrupts.

27 comments

  1. I know very little about this stuff, but I tried to read up on it. Was this some kind of ‘lemming’ move by a bunch of people? A few saw something bad coming and raced toward a cliff with many more behind them? (Though technically the lemming/cliff suicide thing is a myth.)

    1. I think you have the lemming example perfectly isolated. 🙂

  2. Ever so true, your Johnku! Have a fabulous Friday. Hugs.

    1. You as well Teagan. Hugs back.

    1. Thank yah, thank yah very much.

  3. Good one John. In this case, I think the lemmings are machines, but same effect.

  4. My father-in-law trades commodities, mostly grain. He is a farmer and that is what most farmers do whether they like it or not. I once asked him how he made sense of the market. He replied that you have to understand illogic. I asked him to explain. He said I should raise cattle for a couple of decades – then I would understand both illogic and markets.

    1. Sounds like the hard way to learn.

  5. Nicely done, John. You know, it puzzles me why they didn’t simply halt trading for a spell when they saw the downhill slide. They’ve done that in the past, and it seemed to help smooth frazzled nerves. Not my call, of course. Still, here’s hoping a bit of equilibrium returns!

    1. Halting trading is a serious thing that can have more downside panic the next day.

      1. Yep, I guess you’re right. Thanks for pointing that out!

  6. You and I have seen this many times now. It never gets easier… 😳

    1. Nope. A pain it is.

  7. We lost some on paper this week too but hope we live long enough for it to go back up as we have had to ride it out before. I only wish the interest rates would go up so we could get more than pennies from our savings. I am tempted to pick up cans when I get out to run. Happy hour will be welcome on this Friday! Cheers!

    1. Yes, it is now after 5:00. Let the soothing begin.

  8. Good advice via the JohnKu … and cheers as I have a glass of red wine in hand!

    1. Good for you. Cheers.

  9. Depending on which side of the fence you sit, fortunately or unfortunately, I think the market is ripe for a big correction…just seems to be a lot of false profits (prophets) out there? Either way, don’t let those paper numbers get in the way of a nice margarita this weekend. 🙂

    1. Naw. I have a pretty strong constitution.

  10. It has been a crazy week, John. Funny (as in strange, not ha ha) how it takes longer to gain than it does to lose. Not even looking at the balance or the mutual and 401K this month. Earlier this month, I had the thought to cash in the smallest one and making some home repairs. May have been a premonition. 🙂

    1. Could be a premination. With taxes and all on the 401K when you cash out might be better to borrow the funds (which you can do tax-free​ as long as you pay them back)

  11. True. At the age I am now, I just have to pay the taxes but no penalties. Loans aren’t in the cards though. Trying to stay away from borrowing and get everything paid off. I resisted the thought to pull the money out. I’ve done that before and paid big. Trying to sell Lee’s mom’s house so hopefully it will sell soon, and we can use our small portion of the sale for our own needed repairs. Trying to practice patience.

    1. Patience is hard. Good luck and best wishes

  12. Thank you, John! And I agree.

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