I hear you, rigsy. Considering markets are often way ahead of the economic cycle, caution might have best described the market lethargy prior to the fear driven "correction" of the past week, all considered. The global economy has gradually but steadily been absorbing higher commodities pricing, re- configuring economic value space, and re-balancing global growth. It's curious and unusual to see the markets well behind the curve, and thats the work of naked fear, and opportunistic speculation (no criticism, just observation).
The S&P action, unfortunate in its timing, is more a political rebuke than a meaningful statement of financial "risk"; and yes, it's significance is disproportionate; these are febrile times. On Aug 6, 2:10 pm, rigsy03 <[email protected]> wrote: > I would correct the term fear to caution which is a natural component > of foresight. Some might call it a sizing up. For some reason, I am > thinking of Ulysses- Homer's, not Grant. Perhaps the purpose of the > Boy Scout motto, "Be Prepared"? Of course we cannot control all the > factors that affect us in life but that brings to mind the over- > controlled life versus one that adapts and is flexible- the extremes > of being set in one's ways and the dewy naif who trusts all- > everything and everybody. > > I find it troubling that the lead headline is S&P's rating versus the > loss of our Special Forces. > > I have long thought that many survival/social instincts begin in the > nursery among siblings as they vie for attention, position within the > family- like children seem to hop on their own branch on the family > tree in order to be unique or special. Those "skills" carry forward > into school cliques and later work and social roles. > > Some have commented that S&P has no business rating anything since it > is a private company or that the USA can carry any debt it pleases > since it is the SuperPower above and beyond ordinary rules and > policies. > > On Aug 5, 6:43 pm, paradox <[email protected]> wrote: > > > > > I recall an earlier post in which rigsy suggested an enduring adaptive > > value to the emotion of Fear; i was thinking about this today in the > > context of the global market gymnastics this week, akin to a neurotic > > on steroids; nothing fundamental or new in global economic terms has > > changed this week, no new notable insights of structurally significant > > proportions; in short, nothing new. Yet, we're 10%+ and 3 trillion > > dollars worse of on Friday than we were this time last week. Was this > > not essentially what we developed Foresight to counterbalance, i > > wonder?- Hide quoted text - > > - Show quoted text -
