Just a quick word before the market opens this morning for the first time in 5 days and after Hurricane Sandy.
If you have been directly affected by the hurricane, do yourself a favor and take it slow wading back in to risk.
I’m talking to market participants here who had a very difficult time during the storm, have been displaced, have had property damage, lost power etc.
As I’m sure you are all aware, the market can be emotionally demanding in its own right and rational decision making is affected by stress.
Multiple stressors often interact with each other in ways that are difficult to predict and compounding.
In addition, sometimes, especially when we are in the middle of the situation, it is difficult to self assess stress and how it might be affecting your behavioral judgment.
So, if you are in the middle of the mess, no need to come out with risk guns blazing.