World Stock Markets have gone parachuting, but the chute are all tangled in each other. Markets: We seem to have discovered another side to the interconnected global economy...
What discovery? Crack a book its happened throughout recorded history. When you have markets that rely on outside influences things like this will happen.
I think the Stock Market makes these panics up because they like seeing their faces on TV looking soooooo dramatic! Maybe if they learned to think Long-Term instead of trying to make money on the Short-Term margins they wouldn’t perpetually ride this see-saw.
A fundamental piece of investing advice has always been to “diversify.” Well, fine. Except that it seems that all of the world’s markets are now more interconnected (or tangled up…) to the millisecond than the NYSE alone was, oh, say twenty years ago. One might hope to find an Apple or MS at startup, but otherwise we might as well buy a broad-based mutual fund, just hang on and DON’T SELL LOW.
The DOW is still 1,000 points higher than it was 2 years ago. The Shanghai Index is still higher than it was 1 year ago. But it’s certainly disconcerting to see the vertical cliff in the charts.
Nobody’s jumping out of windows this time. Since the 1929 crash, the money boys have perfected the art of only betting shirts that belong to the little people.
These Dow Jones gamblers never are distinctA crowd of bulls or bears each in their turnThey travel in a flock of herd instinctAnd drink their tea and fiddle while we burn
And while our backs were turned the brand-new StandardHas made us Poor: we can’t afford farm pondsThe housing bubble and the dot.com dastard?The fault, dear Brutus, lies in our junk bonds
But now these Dow Jones lemmings head for cliffsComputer sell-off programs join the frayAnd I am far too gloomy for jazz riffsThough possibly wise heads will win the day
Behold, thou: though economy is crassThou must needs know that even this shall pass
Now just a minute! Everyone CALM DOWN! Do not forget that great economic genius, our one-time fiscal leader who convinced Presidents Clinton and Bush to de-regulate the financial market, Alan Greenspan. He absolutely ASSURED us that without regulation, the markets will correct themselves. And the fact that our wise legislators in Washington still adhere to this dictum by refusing to seriously regulate risking transactions clearly shows how important it is for us to all sit back, chill out, and do nothing!
On the one side it’s the effect of butterfly wings, on the other, Henny Penny. Which, anyone consider that unfounded rise in stock prices is just inflation?
cripplious over 8 years ago
What discovery? Crack a book its happened throughout recorded history. When you have markets that rely on outside influences things like this will happen.
dre7861 over 8 years ago
I think the Stock Market makes these panics up because they like seeing their faces on TV looking soooooo dramatic! Maybe if they learned to think Long-Term instead of trying to make money on the Short-Term margins they wouldn’t perpetually ride this see-saw.
Alexander the Good Enough over 8 years ago
A fundamental piece of investing advice has always been to “diversify.” Well, fine. Except that it seems that all of the world’s markets are now more interconnected (or tangled up…) to the millisecond than the NYSE alone was, oh, say twenty years ago. One might hope to find an Apple or MS at startup, but otherwise we might as well buy a broad-based mutual fund, just hang on and DON’T SELL LOW.
Cerabooge over 8 years ago
The DOW is still 1,000 points higher than it was 2 years ago. The Shanghai Index is still higher than it was 1 year ago. But it’s certainly disconcerting to see the vertical cliff in the charts.
Theodore E. Lind Premium Member over 8 years ago
Now that stocks have corrected they must be undervalued. Now is a good time to buy instead of trying to sell at the low.
Kip W over 8 years ago
Nobody’s jumping out of windows this time. Since the 1929 crash, the money boys have perfected the art of only betting shirts that belong to the little people.
Godfreydaniel over 8 years ago
THESE DOW JONES GAMBLERS
These Dow Jones gamblers never are distinctA crowd of bulls or bears each in their turnThey travel in a flock of herd instinctAnd drink their tea and fiddle while we burn
And while our backs were turned the brand-new StandardHas made us Poor: we can’t afford farm pondsThe housing bubble and the dot.com dastard?The fault, dear Brutus, lies in our junk bonds
But now these Dow Jones lemmings head for cliffsComputer sell-off programs join the frayAnd I am far too gloomy for jazz riffsThough possibly wise heads will win the day
Behold, thou: though economy is crassThou must needs know that even this shall pass
Sir Uncle Rat69 Premium Member over 8 years ago
They still have not paid for the Great Recession yet these greedy asses.
moosemin over 8 years ago
Now just a minute! Everyone CALM DOWN! Do not forget that great economic genius, our one-time fiscal leader who convinced Presidents Clinton and Bush to de-regulate the financial market, Alan Greenspan. He absolutely ASSURED us that without regulation, the markets will correct themselves. And the fact that our wise legislators in Washington still adhere to this dictum by refusing to seriously regulate risking transactions clearly shows how important it is for us to all sit back, chill out, and do nothing!
Dtroutma over 8 years ago
On the one side it’s the effect of butterfly wings, on the other, Henny Penny. Which, anyone consider that unfounded rise in stock prices is just inflation?