What Else Dropped With the Stock Market Last Week
What grabbed you as you watched the stock market drop last week was the simultaneous droop of the long treasury bond and gold. Droop not drop. But even if the decline in bonds and gold wasn't quite so dramatic, would you have expected all three to fall like that? Wouldn't you think that, let's say, the 30-year treasury would blip up a bit, you know, "safe haven" that it would usually be in a rush from a "risk" asset like stocks? So that's one reason we wonder if a deflation scare is in the cards, as we suggested on Friday.
But no matter, the markets will do what they will do and there's no reason to be glum here. It's always amusing when the media posts pictures of traders looking either exasperated, crushed, exhausted, or just staring, mouths agape. After all, traders do know that markets gyrate, sometimes violently. And good traders know to cut their losses. They're not puzzled or shocked by such moves. They're prepared. Unlike many of the rest of us who may be left wondering, "Wha-what just happened?," as we click on our online brokerage accounts to survey the damage.
And the really benighted, who perhaps recently decided that it was time to buy stocks after holding out during the whole run-up, may even be feeling quite down in the mouth, as the old expression goes, some bordering on despondency, even despair. It's for those poor souls - and anyone else out there who could use a boost this first Monday morning of August, 2014, that we post this wonderful pairing of Gene Kelly and Donald O'Connor from "Singin' in the Rain," one of my favorite-est movies ever. So before you dive into the anxiety and possibly the madness of this first August Monday - or perhaps if you're on vacation and just want something to accompany your first or second cup of coffee - enjoy the thrill of true genius at work in this great American movie musical.
Happy Monday!
But no matter, the markets will do what they will do and there's no reason to be glum here. It's always amusing when the media posts pictures of traders looking either exasperated, crushed, exhausted, or just staring, mouths agape. After all, traders do know that markets gyrate, sometimes violently. And good traders know to cut their losses. They're not puzzled or shocked by such moves. They're prepared. Unlike many of the rest of us who may be left wondering, "Wha-what just happened?," as we click on our online brokerage accounts to survey the damage.
And the really benighted, who perhaps recently decided that it was time to buy stocks after holding out during the whole run-up, may even be feeling quite down in the mouth, as the old expression goes, some bordering on despondency, even despair. It's for those poor souls - and anyone else out there who could use a boost this first Monday morning of August, 2014, that we post this wonderful pairing of Gene Kelly and Donald O'Connor from "Singin' in the Rain," one of my favorite-est movies ever. So before you dive into the anxiety and possibly the madness of this first August Monday - or perhaps if you're on vacation and just want something to accompany your first or second cup of coffee - enjoy the thrill of true genius at work in this great American movie musical.
Happy Monday!
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