Just a quick note,think about the earthquake it caused if the market went up 5 points
back in the 30's and 40's.Then it was kind of common as time went along.Then the late 70's,80's and to present.We have 100,200 300,pt. swings and find it common place.Now, I'm going on record,after 2010,a 1,000 point swing north or south will be common place.Especially with the Saudi's,China and India becoming bigger major players than what they are now.A major shake up is coming,just a matter of when.I'm all in because I feel Greed will catch on to our neighbors just as it did with us in the early days.
Inostan
of FL
@
Oct 09, 2009 11:13:56 AM
The Stock Market Exists for Stock Brokers
Every trade means commissions. Volume and not actual stock prices keeps Wallstreet traders happy. Mostly investors are hurt when stock prices inflate to unreasonable levels, like 50 times earnings as in many recent cases before the bust. The companies get hurt when banks won't lend them short term funds to meet their monthly expenses because their stock prices take a dive and their stock ratings drop dramatically. If the stock market weren't such a speculative gambling enterprise, no one in their right mind would buy stock in a company at prices higher than 10 times earnings, presuming the companies have actual assets beyond a sales organization. I mean, what do they actually own besides blue sky? When the blue sky falls, there's very little for investors to hang on to, even through bankruptcy proceedings.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Inostan of FL @ Oct 09, 2009 11:13:56 AM
Tony Lee of CA @ Feb 18, 2009 15:48:07 PM
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