Skip to main content

Politics, media, and the drift from reality

Politics. One of my least favorite subjects.

As it stands, politics has a very unifying and universal feel about it; it serves as a great waste of time, money, and resources, while providing an affront to human decency and intelligence wherever it is practiced.

And yet, this noble occupation and artform (hey, pickpocketing is an artform if done well) consumes a great part of our attention and our lives. In America, it seems politics has come to consume a greater share of our daily lives, even as people claim they are feeling increasingly alienated from the political process and everyday "politics" between groups and individuals.

Still, few things have as great a hold on our national attention as the key election cycles. As we enter the runup to the 2008 presidential campaign, let's examine our interaction with the political and media circus/machine. We'll also look at some of the financial and economic trends that are likely to develop with the next election.

Now since I don't like to spend a lot of time thinking about or dealing with these issues (and I'll bet that you don't either), let's have a look at two concise, yet meaningful, articles that examine these subjects.

First, Martin Weiss of the Safe Money Report gives us his view of, "The Zaniest U.S. Election Campaign of Modern Times".

Weiss feels that given the state of our national economy and political situation, we might be headed for a period of greater dollar weakness and an environment of higher taxes and government regulation. Says Weiss:

Yes, it may be too early in the presidential campaign to speculate about who might win. But it’s not too early to analyze the financial consequences, regardless of who wins.

You certainly don't have to jump aboard Weiss' investment recommendations or buy into his economic outlook, but his ability to take in complex topics and trends and boil them down to an understandable level makes this a worthwhile read.

And from Joe Duarte, a thoughtful piece entitled, "Election Obsession: Sobering Thoughts on America".

Hope you are able to get something out of both of these articles. If you feel that you did, be sure to pass them on (you can do so easily by clicking the "email post" icon).

Popular posts from this blog

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...

Round trip stocks: momentum booms and busts

" No tree grows to Heaven ." - Old proverb adopted by Wall Street. What happens to hot momentum stocks when their rocket fuel runs out? How long can they continue to fly before they come crashing back down to earth? Why is the stock that you paid $100 a share for now trading at $39? These are questions that many novice traders and investors may be struggling with in the wake of the most recent market correction. Momentum stocks have been hit hard as the Nasdaq 100 and Russell 2000 indices have moved lower in recent weeks. Caught unaware by the recent slide, some traders may be wondering when their beaten-down stocks will snap back and allow them to exit with smaller losses (or even reach the mythical "break even" point).  While growth stocks still firmly within their uptrends may form constructive technical bases and move higher after this correction, others may experience sharper pullbacks or break down into full "stage 4" declines (see chart below...

How to "Pull the Trigger" on Your Trading Ideas

In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas.  Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn .  Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...