Tuesday, June 29, 2010

It's Raining Bad News, Maybe Some Uncertainty.


Just thinking that it's been a rocky few years for the world with bubbles popping and a mild general nervousness and probably a look around your own lifestyle. Shopping stopped for a while, and every purchase was considered. It got better and life was pretty much as before, more considered certainly while savings were going up.

The remnants of fear are easily stirred up and maybe there is fear again. Maybe it's not pervasive but it's global and maybe the efforts of governments to stabilize economies, maximize employment and do good things for the future aren't working efficiently, but are chugging along like a steam train crossing the Rockies in a blizzard at night.

The stock market's gyrations are ugly right now and today cinched the deal. Bear market, lost decades, all kinds of words, labels and technical terms that frankly mean your net worth has declined. It's a battleground for traders now who are playing against black boxes, flash trading, economic news and trends. Going to cash, which might have preserved several percent of one's portfolio today, isn't that easy. There wasn't an "oops, straight down and hard" note passed around this week and there's as many reasons for the market to go up as to go down. The volatility will probably be intense until there's a reason for it to settle. Going to cash in a down market can make you beat the indexes simply because you're not losing money. It's so frustrating that some really good stocks (apple, poor apple) are falling down as quickly as silly ones. They'll bounce up again at some point and that's usually enough to make many investors optimistic.

It's so much like a shop's inventory. It doesn't stagnate - some things sell, some things get rearranged, there will be markdowns. Buying for a shop is very dicey in this environment, which also seems to bring out more of those sites that do fakes. Inventory management even with an iPad is tricky. Maybe that's why shoes have become take-your-breath-away-can't-live-without quality.  Barney's and Bergdorf's and Maxfield's have such wonderful things but sometimes you just have to stay away. Slap a little lipstick on it and go to a movie. Scrabble on your iPhone. Anything to not shop.

I wish it would get easier.

5 comments:

  1. This is a great blog. I just love the way you write.

    ReplyDelete
  2. I always wanted a sun umbrella like that, sorry, have to mention the image! where is that one from?

    ReplyDelete
  3. I know, battenberg parasols are so good ... here's an interesting resource ... http://www.nanaluluslinensandhandkerchiefs.com/index.cfm/fa/items.main/parentcat/26678/subcatid/0/id/232789

    Most of the really nice ones turn up on ebay.

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  4. Sigh. I wish more people would shop! No more Scrabble!

    ReplyDelete

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