Bluntness

I've also been told I have little tact, so if this offends you simply ride on.

Saturday, January 13, 2018

Fear of Missing Out

Well, here it is... Saturday, and, of course, I do get to go to work.  I will be off for the next 3 days, however, so that's okay.   And, left early yesterday... it's the time of year, you know?  Well, maybe you don't.  People rarely do 'home improvement' projects at this time of the year in this part of the country - temperature - no one wants to have their doors or windows open when it's cold outside.  In case you didn't know, the weather was rainy but balmy yesterday, now the thermometer is on the way down with 'highs' over the next couple of days in the upper 20's (F).
Yesterday I did cardio, today will be strength training with a focus on my legs.  I don't know anyone who enjoys working their legs - the largest muscle group in your body, the greatest reaction to lifting, squatting, and lunging.  Training doesn't always create soreness, but mostly it does to some extent, and soreness in the arms, or abs, or shoulders, or back, is easier to take then leg soreness.  You don't want your legs to hurt when you walk.  Still, leg workouts are a necessary evil if I want to climb hills easily when I'm out on the bike.
Oh, and I see that there is a Porn Princess Payoff in the Idiot Jerk's recent past.  How's that for a humdinger... of course, that might be what he $130,000 for... a humdinger.
One of my Navy buddies is a serious Idiot Jerk supporter.  He and I have some very interesting discussions.  We don't argue with each other, just snipe, little nips, you know?  Anyway, he said that no matter what I personally thought about the Idiot Jerk, wasn't I pleased with the economy?  So, I talked to him about FOMO.


Financially, FOMO happens when you watch the stock market rise, and that rise creates a terror in you which screams into your brain "I need to be a part of this!"  As a result you buy stocks, either online or through a broker (in today's computer world, most people do it online).  FOMO deceives you into believing the Stock Market will continue to climb and if you don't buy into it, you're going to miss out on making lots and lots of money.  As a result, you buy overvalued stocks and help to drive their price even higher, where someone in the throes if FOMO will buy them, sending them even higher.  There is a price for this greed.  A correction to the market is coming.  The steeper the overvaluation, the steeper the correction.  A drop is inevitable.  This correction is unavoidable.  Will there be people who are financially hurt?  You bet.

6 comments:

  1. I am the odd man in that I almost
    never suffer from FOMO.

    ReplyDelete
    Replies
    1. Me, too. I rarely jump on board the bandwagon, in fact I can't remember the last time I actually did.

      Delete
  2. I don't suffer from FOMO.

    I actually enjoy my leg machine exercises; it's the ab ones that get me.

    WHO THE HELL would WANT to have sex with the dump?

    ReplyDelete
    Replies
    1. No FOMO here, either.

      The only machine I use for my Abs is a 12 pound medicine ball.

      Delete
  3. No FOMO for me but, I do love winter home improvement projects. Going to paint master bedroom and bathroom this week and rip out the tub surround walls in guest bathroom, make the shower head be taller than 5'5", rebuild walls and tile with big floor tiles!

    Living in California, one can almost always open the windows! Just need an extra thermal shirt under my DIY stained sweatshirt!

    ReplyDelete
    Replies
    1. FOMO is a state of mind popular among the greedy.

      Home projects are great! I do a number of them because... well, they're just things I want to do!

      Delete