Stock Markets Go Nutty !
Stock Markets Volatile and Weird
Last week we had the DOW dropping like a stone 1000 points in as many seconds then recovering 600 points to finish just 350 down. After that the Greeks and the rest of Europe went nuts and peoplefeared the end of the Greek civilisation so they all got together and saved the orld by flinging a whole silo load of euros at the Greek economy. This fixed everyting last Sunday and the markets shot back up on Monday by around 500 points or so, but since then the world has maybe not been saved after all and so the markets have started selling off again, not right back down to 10,00 onthe DOW but who knows ? Next week anything might happen.
The best thing to do in such occasions is to get out of the way ! As a small investor you can;t do anything about just try not to lose your shirt,.
As a bit of practice at investing withot actually risking your money you might like to try the stock market game being organized by the Dily Telegraph and J P MOrgan -it’s fre and there are cash prizes to be won ! So check out hte details here – stock market game
Elsewhere Warren BUffet is doin g hisbes to try and educate kids on the necessiaty fo long term investing with his Secret Millionaires Club
In the meantime we have gone Tory again here in the UK so more pain to come – Gordon BRown has gone thank god, but the Tories will only carry on his work only more so – so out of the frying pan into the fire !
If you are really desperate you might like to consider a reverse mortgage – not really recommended but as nobody listens to my opinion you may as well join the club and check them out. You never know you might learn something useful before you snuff it – you’re along time underground so you may as well educate yourself before you go there !
Now comes the great problem of trying to figure out just what the stock markets will be doing next week. Well I expect more of the same really – if the euro governments don’t do something spectucalar over the weekend – whcih they won’t then I expect the markets to continue their slow grind down. People have been calling for a second leg of the double dip recession for some time now – since around last OCtober in fact, so it may be that they will finally get what they have been calling for !
