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We’re allowing this one moment to serve as a stand-in for the much wider and more difficult to solve question: is the economy in good shape?
And we’re letting the Fed — the same people who, in theory, caused the malady — prescribe the remedy.
It all seems, to borrow a term from Sophocles, “absolutely cuckoo-bananas.”
But here’s what you have to remember: big rate cut, small rate cut, no rate cut, YOU can’t control that.
So what you need to do is focus on the things that you can control. Your accounts. Your trades. Your strategies.
You can sit out this week and ignore the rate cuts completely and wait for things to settle.
Or you can trade carefully, knowing that volatility will be a huge factor in the coming days.
But either way, you’re at the wheel of your own accounts.
So why waste time worrying about the things you can’t control when there’s so much that you CAN control right at your fingertips?
To quote another Tracy Chapman banger: “We gotta make a decision, leave tonight, or live and die this way…”
Okay, that might be a little dramatic, but you get the point: your future is in your hands! Don’t let Jerome Powell or the markets’ irrational reactions change that.
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
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