San Diego Housing Market News and Analysis
What would it be like to not think about money for a month?
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Submitted by scaredyclassic on March 24, 2021 - 8:27am
In the past, i dont recall everyone knowing where the market and various asset prices were daily.
Normal people nowadays check the market multiple times a day.
Or if they dont actively, are blasted with market news online in a way old papers from the 80s and 90s just didnt do. You had to dig. Remember? It was at the back of the paper. Really dull. Cryptic. Thousands of individual stocks with price info, printed in tiny type. Who proofread that?!
I have been attempting to remain wilfully blind to market news for a few days, then a few weeks at a time. its not easy. Its everywhere. Its in my bank account! Blocksite.com helps. I cant reflexively look at marketwatch.
Of course maybe people who never care to know never get fed any information. But i think market info is just part of generic news feeds.
It is interesting, how normalized market/asset price talk has become integrated into normal news and general conversation. Hell i know poor people without a dime who engage in market chat.
Imagine a whole year passing, with no idea where the stock market was. Or years! Weeeeeird, right? Almost hard to imagine.
I think even kids know nowadays. Retirees actively monitoring their portfolios daily
Perhaps the markets unreality has become palpable, and our collective fear of its detachment from reality causes people to believe it will continue to flourish only if we "keep an eye on it". Akin to saying the rosary for anothers soul? An eternsl candle of vigil like attention ...
Its a kind of madness. Perhaps "Financial trauma syndrome" will make its way into the DSM.
What can seeing daily price action do for anyone? Nothing. Remember old photos of the intense emotions of floor traders on the exchanges, how crazed they looked? Comically anguished or elated, bare knuckled fighting for survival?
We are all floor traders now.
I imagine not knowing to be immensely freeing. Not knowing, not caring, may only come with death.
I did not know about the djia until 1988 or 89. . It was a decade later, at almost age 40, that i remotely cared about stock prices. I had no money to care about.
I was trying to explain this passbook savings account i had with an actual little book to my kids. They were baffled.
A booklet. Where they physically wrote your balance. Hahahahaha. I think it paid 5%? I never made much, the balance was always low.
I recall being very resistant to online banking. Look at this baby. Pleather bound. Balance written in pen. Real. Realish anyway. 1961. Someone saved it 60 years.
If youre not about to do anything, and probably even if you are, does financial news information have any value, other than to trigger a fleeting emotion.
It may trigger small anxieties or a dopamine rush of pleasure, a sense of safety, or fear, or being smart, or being dumb, and makes you feel perhaps you should act...but how?
Is financial news a form of pornography?
What was the world like when money was slow? I cant recall.
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