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Are you worried about the economy now the world stock markets are in serious sell off mode?
The world economy is starting to look shaky, and stock markets around the world are anticipating worse times ahead. Are you worried?
No, real wealth is derived from labor or creativity.The market has a purpose but it in reality is a casino or a game of hot potato. Stock or futures go up as long as people buy,then someone yells ,Fire, then they all run for the exits.I hope they lose their shirts and jump because they have destroyed the middle class.Let the working class rebuild this country ,just like before.Don't talk about my pension investments either because I bet it wont be there in 25 years.
Not sure as to the direction of your question, if you mean about the world economy in general or the state of the markets?
If you mean the state of the Stock Markets then no I am not worried. They tend to over-react in most cases. I will continue buying in what I see as good opportunities as the markets fall. That has been successful for me in the past. Even with this last weeks sell offs I am still above the levels where I was at the start of the 2007-8 crash, and far above the lowest levels of March 2010.
I am a lot more concerned over the government reactions around the world though. Many governments are on the brink of collapse and financial problems abound both in the US and elsewhere.
The recent brinkmanship of the US government in particular is cause for concern. The question of default should never have arisen and having solved the problem the legislators pack up for a vacation, while problems continue, eg FAA layoff.
The uncertainty in world markets is a boon for me as an investor as I can find more bargains at good prices. The problem is making markets unstable this way is going to lead to as one commentator said a "Game of Russian Roulette where the gun goes off by acciddent."
The market bottomed in 2008 and has rebounded strongly ever since. The world economy never really recovered. Of course, the market is supposed to be a leading indicator for the economy, and it usually works pretty well. But for the last decade or more, governments have been 'creating' money through monetary easing and low interest rates; and a lot of that new money has found its way to the stock, bond and commodity markets. Lots of fresh money helps raise stock and commodity prices. But the disconnect between a rising market and a falling economy can't go on forever. At some point, barrels of fresh money and a 0% interest rate won't be enough to entice investors to buy more, and the market will fall. As far as the economy: it will stay unsettled until all that debt we created becomes digested.
As George Carlin always said, I have no stake in the outcome. I have very little invested in the market. If it all collapses, me and Bill Gates will be equally wealthy. I try not to pay much attention because it really doesn't have an impact on my life. I'm just worried about my own little piece of the universe for now. Maybe when I retire, I will have time to worry. I agree that it is tragic. After losing all faith in my government sometime between 9/11 and December 2008, I treat it as a comedy show. The incompetance is astounding. Enjoy the show!
by Shil19787 years ago
Do you still believe that money can be made in today's stock markets?
by rameshbashyam7 years ago
Are stock markets the real indicator of a country's economy?
by agusfanani3 years ago
Do you share the same opinion that prices of some stocks in stock markets are engineered ?
by cooldad6 years ago
Wow, two terrible days for the U.S. markets. Is there any way the government can bail out the U.S. stock markets?I smell something..............fear rearing its ugly head yet again. Let me guess: ...
by Linda Bilyeu5 years ago
Are you worried about the world ending on 12-21-12?I'm not. I'm more curious as to what the next date for the world to end will be?
by Mayank Agrawal3 years ago
Are you more worried about doing things right, or doing the right things?Now a days there is a very common thing which is called compromise but some peoples worried about the thing they do and some peoples do the right...
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