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March 5, 2024

Financials Matter

"It's Not Just About Finance"

The Proof Is In the Pudding …

Most people believe there is a saying: “The Proof is in the Pudding.”  But in reality, the saying goes “The proof of the pudding is in the eating.”

It may seem like a minor thing but there’s a huge difference in its application.

Example:  Someone might say about the economy, “The stock market going down (the Pudding) and it’s because of the economy (Proof).

But the truth is the economy doesn’t always drive the stock market.

Therefore, there’s no proof in that pudding.

And the reason most investors get the wrong signals from the market is they fail to take into consideration that there’s a world outside of ours.

They assume that because Europe, Asia, China, Russia, etc., is having economic problems then we’re going to have problems as well.

And do you remember when everyone cried that the month of September was the beginning of the next big market crash* in America.

(* Note:  The DOW closed at 28,725 on September 30th  and is currently 33,127…a whopping 15% increase.)

Again, there’s no proof in that pudding about the economy causing the markets to go down.

So why aren’t the markets crashing?

Maybe it’s because the midterms have kept everyone in a state of fear and uncertainty.

Or maybe, everyone gobbles up the gloom and doom BS to justify their decision making (or lack thereof) in a volatile market.

Or maybe, Just Maybe it’s a result of one of our favorite sayings: “The markets move in the direction that frustrates the most investors.”

 

In the Pudding?

 

As we said earlier, the correct saying is:  “The Proof of the Pudding is in the Eating.”

So, how does that apply to the markets?

If you are participating “in” the markets (Pudding) you eventually see the proof of your decisions.  And by participating you are “eating” to determine how you have chosen to invest.

Let’s compare this to the midterm elections.

While the final results are not all in (Cough! Fraud/Cheating, Cough! Cough!) many seats/victories have already been established.

And if you believe that your candidates who won (the proof) will go about making changes to get us back on track (the pudding) it won’t be determined until we see the results of their actions (the eating).

Make sense?

Don’t be frustrated by the markets or if all of your candidates didn’t win.

Instead, learn how to prosper AND thrive regardless of what political party is in charge (HERE).

And understand that the present volatility we’re seeing brings about opportunities of a lifetime.

For those with ears to hear.

Fine tune your hearing and prosper in Turbulent Times (HERE).

Share this with a friend…especially if they voted.

They’ll thank YOU later.

We’re Not Just About Finance.

But we use finance to give you hope.

*************************

 

 

Invest with confidence.
Sincerely,
James Vincent
The Reverend of Finance
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