Tuesday, July 10, 2012

The Tao of Dow: Retirement Savings' Five Spiritual Gates

The stock market went up today, or down. But besides feeling happy or sad for the world, I am relieved personally to have made peace with the Dow.

Call it Dow or Tao, each calls for at least a certain level of detachment. It takes some kind of faith, after all, to place your retirement savings in the hands of forces beyond your control and yet maintain not only your emotional equilibrium in the present moment, but trust in the future. One news cycle, something has happened in Europe, or with housing, consumer confidence, the weather, a political conflict, a terrorist attack or oil prices. Then, there's all that evidence that there are insiders who know things before we do, who react counter-intuitively to common sense issues that would otherwise predict the market to rise or fall, and who even bet against themselves.

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