Dad Says The Market Won't Crash

your author. a man of the people.

The following post is written by Dinosaur Trader. He is a stock trader. He writes about the daytrading lifestyle, parenthood, marriagehood and the often combustible mixture of the three.

My father is a bit of an anachronism at this point. He has listened to Don Imus every day for the last 40 years and he still reads Newsday, a newspaper. He had one career and retired with a pension.

I found him this morning with the radio on, reading the paper and cursing the New York Mets.

“Hey Dad,” I said.

“Hey,” he said, without looking up from the paper.

“I think we’re going to crash today,” I said.

He took a brief look up at me over the rims of his reading glasses and put the paper down. Then he started to laugh. Rob Bartlett was on the radio, pretending to be John Boehner.

Bartlett as Boehner

“Listen to this guy, he’s hilarious” he said through laughter. I swear to you, he’s been laughing at these dudes for 40 years.

After the bit was over he gave me a hard look.

“We’re not going to crash,” he said.

“What makes you say that?” I said.

“Because every time the market goes down a bit since 2002, you think the world is coming to an end. It’s just not.” He picked up the paper again.

“Yeah but unemployment is nuts, there’s no growth, and our sovereign debt is going to be downgraded. I think we’re really screwed this time.”

Then Imus called some dude a “pantload.” Dad put the paper down and started laughing again. The Mets loss was a distant memory and the market, an abstraction that wasn’t about to ruin his morning.


Discussion Points:

Is my father right?
Is Don Imus funny?
Should children be allowed to root for the Mets?
Will they be stronger psychologically if they become Yankee fans instead?
Does constantly losing build character?
Does constantly winning build character?
OMFG! Does DT trade from his parents basement?

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