Enlighten me, because I can’t figure it out. I’m young, and I haven’t been tracking the stock market for too long, but the stock market’s pattern MUST be historic. One day the Dow goes up 200 points, and another day it goes down 300 points. I’ve never seen or heard about a stock market that acts so volatile. You know my thoughts about investing. I don’t think you should invest in the stock market unless you’re in it for the long-term. If you’ve been trying to day-trade the past 6 months, you’re probably about to jump off of a bridge, because the market has had no rhyme or reason.
The problem with the stock market and investors today is that ONE single piece of news makes investors go crazy. All it takes is one story about unemployment going up, and the market tanks 350 points today. Whatever happened to investors looking at the ACTUAL freakin’ companies that make up the stock market and their strengths/weaknesses. No one cares about the earnings of dow companies, anymore. No one evaluates the health of an industry sector. It bothers me. Why do we let the media and every story, poll, and statistic about the economy severely affect the market.
We’ve become a nation of instant gratification mongers, and it used to show on our stomachs. We must have our food as fast possible. We must have our information as fast as possible. And now, we must invest and make money as fast as possible.
Money Crasher’s Tip for the Day: NO ONE BECOMES RICH OVERNIGHT. Even lottery winners have probably been playing for the past 20 years. It just doesn’t happen.
What are your thoughts about this volatile stock market.