Today, the Dow fell 634 points, the largest drop in 2 1/2 years and the sixth largest on record. The drop was based partly on an S&P downgrade and the slowing U.S. economy plus escalating debt problems threatening Europe. The fall is reminiscent of the roller coaster ride we had several years ago. The market has given back all of its 2011 gains and then a lot more. Suddenly everyone is talking double dip recession and there is anger and fear in people’s voices. Republicans blame the Democrats and Obama. Democrats blame the Tea Party specifically. There is plenty of blame to go around. I have an opinion, but that is not the point of this blog.
Several years ago, I spent a ton of time being an active stock picker. I attended the Money Show multiple times, took training and got my hands on just about every investment book I can find. I am still a lifetime member of the American Association of Independent Investors. I loved the thrill of the markets. I dabbled quite a bit at the end in options which even heightened the thrill. But as I look back on it now,. I find myself wondering how I could have wasted so much time. This is not an indictment against people who do that kind of thing. It is a rush and some people do it a lot better than I can. For a while there I thought I was really good as I significantly outperformed the market and my own former investment manager. But it didn’t keep up and slowly I lost interest. Further in 2008 like others I lost a ton of money in it. That and investing a ton of money in a failed company so now we don’t have much to lose in the stock market.
Like a lot of people, the markets for me were a symptom of other issues. Relational issues, spiritual issues, social issues, pride issues, sinful attitude issues. As I look back on it, I had misplaced priorities. To some degree I still do. It is a daily struggle to align the real priorities of faith, family, and friends. A friend of mine lost a dear friend of his suddenly, unexpectedly. Another friend struggles through a marriage. Sorrow gives a different perspective. There is the laughter that comes along with hanging out with family at the zoo Saturday. The joy that comes from being around friends when I play baseball. The joy of hanging out with brothers as we study the bible Tuesday morning. True joy brings a different perspective.
I am not at the place where God could take everything temporal (not looking for a Job experience), but I am close to that. God has slowly driven it into my thick skull that relationships and the word of God are the only things that will survive for eternity. I have been dragged kicking and screaming into this equation. But as I slowly come to this realization, something like scales fall from my eyes. I am like the blind man whom Jesus partially heals in Luke that sees people walking around like tree trunks. I don’t have full clarity, but it is getting there.