Posted in Economy, Market commentaries, Market predictions, Personal finance, tagged bounce, crash, Economy, emotion, fundamentals, market, stock, stock market, trading on October 15, 2008|
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As I said two days ago, the one-day, record setting bounce in the stock market was not to be trusted. Two days later, it has given back all but 127 points after posting the second largest point loss ever today. We’re still seeing emotion-driven trading, and there’s no sign of that letting up just yet. But the structures have been put in place around the world to get the gears turning again. Have patience, and like I said here, focus all of that nervous energy on taking a hard look at your personal budget and looking for cuts.
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As predicted – market bounce falls flat
Posted in Economy, Market commentaries, Market predictions, Personal finance, tagged bounce, crash, Economy, emotion, fundamentals, market, stock, stock market, trading on October 15, 2008| Leave a Comment »
As I said two days ago, the one-day, record setting bounce in the stock market was not to be trusted. Two days later, it has given back all but 127 points after posting the second largest point loss ever today. We’re still seeing emotion-driven trading, and there’s no sign of that letting up just yet. But the structures have been put in place around the world to get the gears turning again. Have patience, and like I said here, focus all of that nervous energy on taking a hard look at your personal budget and looking for cuts.
Read Full Post »