As I was away on vacation last week I still kept one eye on the markets and with my technological devices at hand was able to get a modest tone on things from day to day. As we are still mired in low volatility the frustration continues to mount – will the market ever correct? Perhaps that is the wrong question and why so many are missing out on enormous opportunity. Believe me, these chances will NOT be around forever. But many are just observing and creating their own high levels of anger and disappointment because the market is not doing what they want it to do.
We have pundits, experts and writers here who believe they can magically steer the markets, bend and twist it by floating opinions and articles (usually of the negative variety). Some use the media as a bully pulpit to try and sway an opinion on those listening, creating panic and fright from situations like the crash of the Malaysian jet or the fighting in the Middle East. When nobody knows what comes next there is someone out there always trying to stir up some fear to panic the crowd. Nonsense!
That is indeed a tragedy that I hope will not escalate to another level, but the fear created by this in markets was yet another great opportunity to profit from the upside. The VIX spiked higher and then came crashing down yet again. Still, many believe the Fed is done supporting the markets and they should not be moving higher – yet, isn’t that what everyone wanted? We live in a world of instant gratification and if our questions are not answered immediately then something is terribly wrong. I get it, but there is something to be said for being patient.
Turn Off The Noise
There are some looking at the action of the markets from day to day, letting it call the next move. Those are the ones who will gain the upper hand, preferring to let the markets dictate. I’ve said it many times – turn off the noise and just listen to the markets – it’ll tell you what to do!
