The Bubble No One Talks About

What is it?  The MEDIA BUBBLE!

Seriously, who has time to check out all available sources of news these days? And, where do you start? Who do you trust for fair and accurate information?

Middle-class working folks are too busy trying to earn a living and create a healthy and balanced life for their families to worry about who is saying what and try to figure out who's relaying true facts.

Reality tells me that the only ones who wade through endless scores of tabloid stories are those who work in the media industry.

Like the Baby Boomers who are busy downsizing and simplifying their lives to determine what really matters, it's time the media did the same.

As a boomer myself, I've learned that, with age, comes a realization that focusing on what's truly important to me, in the short term (today) and longer term (the big picture), and trusting my own instincts, helps me ensure that decisions I make are in alignment with my intentions and values and how well I'm actually honouring those values. And, to help me downsize (physically, emotionally, socially and psychologically), it's been very important to accept, appreciate, learn from, and let go of the past, and then move forward with faith in my abilities to handle what's in front of me...that's where my energies are optimally and most valuably utilized.

By the way, this approach can be very helpful in trading the markets, as well...successfully and confidently moving from one completed trade to the next new one.

Admittedly, there are, however, some bubbles that are rather enjoyable...






* UPDATE July 29, 2019...

It looks like the liberal media has not moved on from, or even accepted, the results of the 2016 Presidential election. The two most overused words since then have been "racist" and "impeachment"...referring, of course, to President Trump.

And, it hasn't changed since the recent finalization of the Special Counsel investigation into Russian meddling and purported Trump-Russia collusion, which showed the absence of any crime by Trump or anyone associated with his campaign. In fact, the media has stepped up their attacks on the President and have increased their use of those two words since then, and you'd think he had committed a crime(s).

Aren't Americans getting tired of such inflammatory, patently biased and divisive rhetoric? When will the media (journalists) return to simply reporting facts and actual news, without delivering it with a politically-biased slant or interjecting their own views and demands? They sound more like lobbyists and activists instead of self-proclaimed journalists.

* UPDATE Aug. 22, 2022...

Perhaps liberal media outlets like CNN are finally getting the message...we'll see...

Source: ZeroHedge

More "Bi-polar" self-talk...

A theoretical dialogue between my left brain (the rational and logical one) and my right brain (the emotional and creative one) whose purpose is to try and figure out (and trade) next week's direction (and beyond) in the equity and e-mini index futures markets:

Right Brain: "So, who can afford to buy the markets here?"

Left Brain: "Who can afford to short-sell the markets here? By my reasoning, the Risk/Reward Ratio favours buying here, albeit for possibly fewer contracts/shares, because as prices and short-selling risk increase, so may broker margin requirements."

Right Brain: "So, is the Fed (with their intervention with QE1 & QE2) responsible for this dilemma that is now likely facing those parties who were not direct recipients/beneficiaries of these remedies? They face the possibility of ever-increasing reductions in net profit as long as the markets continue to rise unabated. This includes me, of course."

Left Brain: "I have no proof that this was the intent of the Fed."

Right Brain: "So, when do I know when it's time to stop buying and think about selling?"

Left Brain: "When the 'risk' element of your minimum 1:2 Risk/Reward Ratio becomes greater than 1 on the timeframe on which you're trading. Your net profit/loss trading log will tell you whether you're on the right track or not...so pay close attention to it as well as to the price action after your entry with respect to the time spent in a trade and how close price comes to your stop/trailing stop before achieving your target."

Right Brain: "And when do I know when to start short-selling?"

Left Brain: "When your Risk/Reward Ratio is a minimum of 1:2 in favour of the short side."

Right Brain: "What do I do when this ratio favours neither?"

Left Brain: "Stop bugging me then and go outside and play!" "Or, drop down to a smaller timeframe than the one you'd normally trade, and try to achieve your ratio there...but be prepared for smaller targets and profits and longer time spent in a trade."

Right Brain: "Let's eat...I'm hungry!"

"Bi-polar" self-talk...

Once upon a time, two halves of a brain decided to engage in a discussion about the country's debt problems. The left brain was rational and logical and the right brain was emotional and preferred elusive, uncertain information. The discussion went something like this:

Left Brain:  "I propose that we reduce the benefits paid on healthcare and pensions to solve our debt problem."

Right Brain: "Would that work?"

Left Brain: "Sure, it's worked for awhile in the past and now we stand to have an even greater savings because of the ever-increasing growth in the proportionally-large aging population."

Right Brain: "Why not just tax the wealthy?"

Left Brain: "Because that's never been done before, so there's no proof that it would work."

Right Brain: "But that's not very humane...what about all the suffering and hardships that would occur on an increasing basis?"

Left Brain: "That depends on whether or not you look at it from a rich person's viewpoint."

The End

Author--SB