Bi-Polar Stock Market-Watching Syndrome (BPSMW)
I need to see a psychiatrist. BPSMW syndrome has gotten the best of me. Doctor, I keep glancing at MarketWatch and Bloomberg every three minutes. I can’t take it anymore.
When the Dow drops 600 points, I get all depressed and panicky and want to come home and kick the dog. When it rises 423 as it just did today, I get all giddy and happy and skippy (that’s a condition in which you start skipping suddenly, rapidly and uncontrollably).
I’ve tried to wean myself off the market cold-turkey. It’s not working. I pass a TV and shoot a quick, secretive glance to see if there’s a red arrow or a green arrow in the corner of the screen. I actually now hate anything that’s the color red.
I’ve started enjoying long meetings at work because I have, as of yet, not loaded any market-alert apps on my phone and suddenly three hours go by and I remember what life used to be like before my life savings and supposed retirement evaporated before my eyes every other hour.
When the market goes in the crapper, I slap myself for not having taken my money out and invested in gold bullion. When it rockets upward, I congratulate myself for being so calm and level-headed when the truth of the matter is I am actually suffering from Bi-Polar Investment Paralysis, a secondary condition characterized mostly by extreme fear and uncertainty of doing anything remotely financial.
A friend of mine recently recommended Chart Therapy. This is where you pull out a ten year chart of Wall Street’s gyrations and realize these current antics are but tiny little blips even though they look like gigantic Swiss mountains when you’re monitoring them by the minute.
This I know. I am exhausted and weary and I trust those poor men and women on the floor of the exchange must be as well. I think by now we are all longing for the magic words, “The Dow Jones Industrial Average today, was unchanged on low volume and no particularly newsworthy events.”
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