Monday, September 29, 2008

The Dow falls / Emotional Intelligence

The Dow falls 777.68 points. That's dizzying.

I've said it before and I'll say it again - the financial market, which SHOULD be rational and logical, is the most emotional thing going on.

And why this fall?

Because we do not like uncertainty.

One reason to study emotional intelligence is because you can't make a rational decision if you don't understand what's going on emotionally. Much of what goes on in offices, between people, between countries, in marriages is emotionally based. It's part of the data.

If you've been in the market as long as I have - not to mention the real experts out there - this is to be expected. It happened after 9/11. I was in for "Black Friday." The real diehards will be saying, "Now's the time to get IN."

The knee-jerk reaction when something falls through and becomes unclear (like the negotiations) is panic, and this is what we are seeing. Is it smart to get out of the market now? Can you even think clearly about it?

Take the EQ Course and coaching, and learn more. It's very helpful.

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