Was just reading a lending market update which included a note about the puzzling behavior of the stock market last week. Faced with a number of positive economic indicators, the market sold off pretty heavily. Well, with my time at Fortune 500s, I’ve seen this before. I learned a long-time ago that Wall Street, the stock-markets and prices of such things is driven, on a day-to-day basis primarily by emotion. This also feeds into the quarter by quarter mentality of most stock valuation. Time and time again, in most markets, it’s those with long-term views and understanding that do well. This is true in real estate as well. If you can shift your view out 5, 10, 20 years in the future, you can escape the variability of these emotionally based fluctuations.
Driving along in Kirkland , home of the modern yuppie, I’m passed by a new Mercedes. Lovely, silver, shiny, new, bling-bling; a part of me loaded with insecurity twinges while I purr along in my Toyota. Why? How come this is a metric of my self-esteem? Am I being unfair to myself, being upset by this train of thought and it’s influence? Consider, please, how much this viewpoint is drilled into us. Look at how often this imagery gets pushed into our faces, and how long that’s been going on. It shouldn’t surprise me, really, that I sometimes feel this way. Though my conscious values oppose this, the lingering thread of this programming has threads into the depths psyche.
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