These are the times that test if not the soul of investors, not to mention their sense of equilibrium. You can put any spin on it you wish, but put simply, this economy has everyone on edge.
Economic problems are, metaphorically speaking, like a rock thrown into a pond: one ripple causes another and another. Eventually those ripples extend just as far as your eye can see.
Not invested in the financial markets so none of this matters to you? Think again. The only people not affected by this economy are living in the wilderness enjoying God’s natural bounty. For those of us not cooking a pot of moose stew over a campfire right now, the continue decline of the markets is a concern.
Say for example, you’re a government employee with a solid pension plan, and your only savings are stuck away in an account that is FDIC insured. Well you are certainly more sheltered than a self-employed person whose savings are sitting in funds invested heavily in the real estate and retail sectors. But that government employee pension plan of yours is most likely heavily invested in the financial markets and as those markets continue to take a beating the strength of your once mighty pension fund continues to erode.
Don’t feel bad. You’ve got plenty of company: in fact, most Americans—not to mention countless millions of people around the globe who are seeing their local markets tumble as well.
So where is it all heading? And in the terms of today, is there a floor for stocks?
As in all things in the study of economies, the answer to that depends on who you choose to believe. We have always had our bulls and bears in the business of financial markets. So what’s a gal to do?
If you’re ready to run for the exits, open your eyes. You
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