Thursday, November 6, 2008
Stock Market Psychiatry
I have an idea for what to do with some of the money from the bailout plan that's supposed to help fix the financial mess we're in. Congress should enact a law that provides money for mental health professionals to provide care for the folks on Wall Street.
I mean, every time I read something online or in the paper about the stock markets, I always see words associated with feelings. For example, today's paper had an article, "Post Election Slide" (Long Island Newsday, Combined News Services, 11/6/08) about yet another stock market tumble the day after the election. Words like, "jitters", "worries", "concerns", "nervous", and "loss of confidence" permeated the piece as they seem to do in every article about bad days on Wall Street. Good days reflect the "confidence" and "optimism" in the folks who buy and sell stocks and such.
I like to think of myself as a smart guy. I always did well in school, but Economics was never my forte. All of that supply and demand and stuff just confused the heck out of me! In my simple world, I know that as the stock market goes, so too does the rest of the economy. "Bad-feeling" days affect how much I'm paying for gas at the station and for cheese at Waldbaum's. Face it; we're at the mercy of people's emotions. People buy and sell because they're "jittery" or "nervous". They obviously need help, and we've got to get it for them.
That's why Congress needs to act now. Even with all the goodwill that's emanated from the election, these stock market speculators are still "worried." They obviously haven't shared in all the optimism that has come out of the events of the 4th. I think it would be a wise investment to provide them with the help they need. After all, $ 700 billion is a lot of money. When compared to what it's cost to bail out the banks, this venture would be miniscule in comparison.
And who knows? It just might do some good to get these people in touch with their feelings. Why do their feelings seem so manic? If these mental health professionals can break through with even some speculators, their rosier outlook might give them more confidence, causing the financial markets to go up, and everything would be alright.
So contact your local Congressman (or woman)...okay, Congressperson, today! Tell them how you feel. It's silly to even think that our pocketbooks are at the mercy of all such fluctuating "feelings". These people need help to reconcile their feelings, and get happy. Maybe then things'll get a little easier around here.