The Domino Effect
The exhausting minute-by-minute coverage of every aspect of the COVID-19 event is helping to drive the chain reaction of responses - toppling economic and emotional mores like dominos.
And the impact will likely continue until we get finally broach the inner sense that we’ve panicked for long enough.
That stage will eventually arrive. It happens with every crash, every recession, every bear market. We tire of feeling down. We tire of feeling beat. We tire of losing. And then, it ends.
But not before experts fill screens with explanations of exactly why everything unfolded as it did and those who apparently called this event perfectly.
It’s utterly amazing how many stock jockeys, hedge fund guys and traders were actually closet virus experts all along.
What a load of…
Until the Facts Arrive
Slowly but surely these things end via a blanket of facts changing in increments just as the consensus of emotions will do.
As of now we’re witnessing something never seen before. And the darkest hours in numbers may be just ahead.
But those who muster the inner-resolve to understand that this is all a matter of time passing, and letting the solutions come to us, will benefit in the long-term.
Some Things to Consider
We must remain focused on the long-term underlying current, and that there is no "right day” when the tide will turn.
And we have to understand that the lows will be drawn out until proven otherwise, and accept that wasting energy on "the right day to act" is energy we all can better use elsewhere.
These first-ever events always requires some change for all and realise the landscape has shifted a bit in the near-term, so we’ll need to adapt as best we can.
A reminder of that longer-term data may be helpful in the midst of all the terrible headlines.
Check the video below when you get time:
Panic is a fog, folks. And like fear it entices people to try and take the easy way out.
And while it’s easy to give in, building wealth over time is never on that easy path.
It requires the ability to contain and control fear.
And times like now are when we earn our futures.