Good morning.
No pain ... but, no fun eitherStocks once again advanced and declined largely on pre-election stimulus talks.  Even with a rising chance of there being no stimulus before the election, the market is still close enough to all-time highs that either outcome shouldn’t move markets too much either way.
On the political front, polling in swing states is starting to narrow.  This either reflects that America is nearly evenly-divided between the two parties, or that pollsters want to hedge their bets in case of an unpredicted outcome reminiscent of 2016’s polls.
Traders should continue to expect wild swings no matter what polling numbers come out.
Tired of the coronavirus?  Well, the virus isn’t tired of you.  Until the pandemic is contained, the economy will never fully recover and investors will labor under a cloud.

Now here’s the rest of the news:

Fed May Never Be Able To Stop Manipulating The Market … was Fed Vice-chairperson Mary Daly’s stunning admission.

All-the-while “Temporary” Layoffs are Turning into Permanent Job Losses and The Next Economic Crisis: Empty Retail Space.

And who could forget the U.S. Government Budget Ends Fiscal Year with a More Than $3 Trillion Deficit.

October 21, 2019

Important Question to Ask Yourself

Ambivalence.  It’s a big word with even bigger meaning.  Surely you’ve felt it before.  It’s that feeling of internal conflict that you sense when you have mixed emotions about a decision — or indecision.  It’s that gut-wrenching feeling when you don’t follow your gut instinct — even though you know you should.

There are many reasons why you might experience ambivalence — the simultaneous and contradictory attitudes or feelings toward an object, person, or action — and tuning into this dysergy can pay huge dividends toward achieving our most important goals and priorities.

To better understand this, you simply need to take a page out of the great Zig Ziglar’s book and ask yourself the following question:

Will what I’m about to do bring me closer to or take me further away from my goals?

This crucial question helps you do two key things.  First, you’ll need to honestly and clearly establish your most important goal and priorities.  In other words, you need to know what’s truly important to you.  Secondly, it will help you objectively assess whether your current actions, attitudes, and behaviors align with that.

Ambivalence

In the end, EVERY decision (or indecision, which is actually a decision in and of itself) has an opportunity cost.  If you do one thing, you’re not doing something else, and vice versa.  You can literally apply this question to every aspect of your life — your health, your relationships, your work, your family, you name it.  Take for example…

  • Does buying clothes you don’t need (with money you don’t have) helping you get out of debt?  Probably not.
  • Does taking a walk after dinner (instead of plopping down on the couch) help you lose those 10 pesky pounds?  Probably so.
  • Does checking your email every 5 minutes help you get started on that presentation, blog post, or project that you’ve been holding off?  Probably not.
  • Does thumbing through Facebook (instead of getting on the floor and playing with your child) enhance your relationship with your family?  Nope.
  • Does going to bed 30 minutes earlier allow you to get up 15 – 30 minutes earlier (before chaos sets in) so you can work on your top priority?  Yep.
  • Does lifting others up with genuine compliments (instead of gossiping behind their backs) help you become a more positive person?  Absolutely.
  • Does practicing gratitude (instead of focusing on what you don’t have) help put you in a better mood and give you more energy?  Without a doubt.

I think you get the picture.  Next time you’re feeling that sense of internal conflict, take the one-question survey: Is this behavior, activity, or attitude bringing me closer to or further from the person I want to be?

To the BEST you … 😉

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