The Vagaries Of The Stock Market
Markets are driven by fear and by greed
With scant regard to what workers might need
When markets rise the ‘bulls’ join the charge
When they fall it’s the ‘bears’ who quickly loom large
It’s ‘shareholder value’ that we must maintain
Keeping them happy on this gravy train
So when share prices dip it brings on a panic
And stock dealing activity can quickly go manic
While markets are buoyant the traders are pleased
Healthy profits allow the investors to squeeze
the maximum divvy from what they invest
That’s the scenario that they love the best
So their greed for ‘returns’ has duly been met
Investing their cash has been a wise bet
But when profits slump and shares take a dive
They suddenly fear that they may not survive!
Investment gurus warn us to assess all the risks
When making decisions avoid being too brisk
We are told that investments can go up or go down
Sometimes we smile, but quite often frown
So perhaps the wise thing that we ought to do
If we want our money to safely accrue
Is to avoid investing in ‘get rich quick’ schemes
And never indulge in fanciful dreams
So what choice do we have to avoid greed and fear?
And yet live a life that’s not too austere
To keep our savings balance in the black not the red
Let’s stash it all safely under the bed!
Ken Fisher