How Aware Of Stock Market Trends Are You?
My interest in the stock market trends and investment has heightened since the September 29, 2008, stock market losses. Most people remember the Dow was down 777.68 points, accounting for the biggest single-day loss ever. The Dow Jones Wilshire, a broad measure of the stock market, said it was the first post-trillion day ever. The day's loss report amounted to approximately one point two trillion in market value! I doubt that I was alone in my new found interest, probably everyone in America sat up and took notice on September 30! My television was going from the Fox station to CNN, as I was constantly looking for information from all perspectives, due to my newly formed opinion not to trust just one source of information. I had never really been that interested in the ups and downs of the stock market, because I didn't really feel that it really affected little old me except maybe when I was ready to retire. However, as the reporters pointed out, it affects everyone in our country and in the rest of the world. International exchanges, such as the uk, were just as interested in what the Dow Jones had done as people in our country were. I was amazed to learn of the far-reaching effects this slump had.
Of course, everyone in America became more aware, due to the fact that this was an election year; and the candidates and news media paraded people like Joe, the plumber, in front of the cameras. Everyone was quick to point out that this was not only affecting Wall Street but that it would have far reaching effects on Main Street as well. Trickle down economics and all of that. Personally, I would like to have seen Congress let laws of free enterprises sort it all out. But that is an entirely different article. There are so many factors that affect the ups and downs of the market, that I cannot even begin to understand its current and future trends. My gut reaction is that it is not going to get measurably better any time soon, and people who are smart are not going to go out and stimulate the economy all by themselves. I know I am not planning to spend much on Christmas presents, or do I need to say Holiday presents, this year. In my opinion, that is not what is important anyhow. I hope you have better luck at figuring out the stock market than I have. And, yes, I do think it is mainly a guessing game, although I am sure some are more educated guesses than others are! |
