October 29, 2012
October Comforts
So I was annoyed at the way my investments have been declining over the past ten days or so, and it led to the following conversation.
ME: “I’m annoyed at the way my investments have been declining over the past ten days or so.”
INTERLOCUTOR: “Don’t worry about it. It happens every October.”
ME: “But the papers said the decline had to do with discouraging economic news.”
INTERLOCUTOR: “Naw. The decline happens every year, and every year people look for a reason and claim to find it, but even if the news were good the decline would still happen.”
ME: “Wow.”
INTERLOCUTOR: “Stocks will rebound later, and they’ll say it was because of ‘unexpectedly robust holiday sales’ or something.”
ME: “It’s sure comforting to know that I’m participating in an economic system that operates with such steely rationality.”
INTERLOCUTOR: “Yeah. I’m comforted too.”
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