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The Pain of Being Down

1/7/2015
By Charles Payne, CEO & Principal Analyst

They say that breaking up is hard to do and now scientists have zeroed in on the physical reasons why it hurts so much:

  • Your brain goes through anguish
  • Your tears are less salty, resulting in swollen eyes
  • Chest pain is equal to being punched
  • Sudden heart attacks are not uncommon
  • Divorced people suffer more mobility problems
  • Weight gain around the stomach
  • Skin disorders develop

Yet, I contend for many, losing money in the stock market has an even greater impact on the body and mind.

Scientists tell us loss aversion means a loss of $100 is twice as impactful as the gain of $100.

Here’s the rub: there is a giant difference between being down in a stock or in the market and actually losing. I got a tweet this morning that said, “78% of investors lose money in the market.” I am not sure where that nonsense comes from, but I know lots of people who buy one stock and often sell at a loss… mostly, because the stock is lower.

The greater the pain, the more likely we are nearing a bottom. You must be prepared to buy into the pain for maximum gains.

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Charles Payne
Wall Street Strategies


 

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