Invest Young!

Cautious Trading!

How will Wall Street end today? That’s the biggest question flying around right now. This month as been one of the worst on record. A matter of fact this last quarter has been one of the worst as well. By ending this one on a high note could bring fair results for the next few months. Right now Americans have very little to no confidence in Wall Street or the U.S. Government. I sure have no confidence in the Wall Street or the U.S. Government. The main reason I feel this way is because of the shrinking economy and my investment portfolio is in the trash. And yes I know I’m not alone, we’re all in the same boat. Hopefully things will break and turn for the better, which’s what I’m hoping for.

Out Of Money!

Most Americans out their have just stop spending their money. And I can’t say I don’t blame them, because I stopped spending too. And the GDP report that came out today proves this. We’re cutting back on everything you can think of. And more and more of us are asking ourselves before we buy it, do I need it? Are spending hasn’t been this bad low in about 28 years. We’re heading for national and world recession. And a lot of the worlds top economists say tougher times are still ahead. Wait till Christmas time comes around, retailers are not going to like this years spending. I know my families cutting back and a lot others are as well. If next quarter results are down we will be considered in a recession. That would make it two straight quarters of shrinking economy. Then that’s when the world markets will crash.

Dow Down!

Well it seems as the times are harder than most had thought. Today the Dow was at it’s lowest is almost 6 years. And the U.S. markets aren’t the only ones at there lowest. The Hang Seng in China is at it’s lowest in like 26 years. I really can’t see things getting any worst, but I said before the Dow dropped under 10,000 points. When that happened I just put my hands on my head and said, “here we go.” And the S&P 500 is at one of it’s lowest points ever as well. You would think with the stock at their lowest points people would buy, but that’s not happening. People are running from stocks and just about every investment out there. It almost looks like people are taking their money and sleeping with it. This global recession is the worst that anyone as ever seen? And it doesn’t look like things are going to turn around anytime soon. I’m at the point where the volatility in the stocks doesn’t even fad me anymore. I’m like most Americans out there that have lost a fair amount of money in the stocks. I keep hoping things will get better, and they will. We just need to come together and face what’s happen head on. And only then we will be able to fix the problem.

Typical Recession!

Do you thing we’re in a typical recession? If you answered yes, you would be wrong. According to data there is nothing typical about what going on. The world markets are very showing volatility never seen before. In a typical recession, stocks will go up about six months before the economy. But it looks like the economy might need to recover first. Every time a few bad reports come out the markets drop like a bad habit, then go back up the next day. We need good results from the economy to turn the markets around. We need good reports from just about every industry out there. Right now the Insurance Industry is getting hit pretty hard. People are losing their jobs, which means there losing their health care, life insurance and even car insurance. These are only a few insurance products I have listed; there are a lot more out there. Sooner or later people will start to seek out a new car insurance quote, healthcare and life insurance, but only when they find work. So let’s hope for some go reports on the economy this week.

Global Recession!

President Bush stated that now is not the time for nations to abandon open market policies. Is he kidding me, the U.S. government is buying bank stocks. Is that free open market when the government starts buying stock to take controls of banks? The thing I don’t understand is why isn’t the world considered in a global recession, because we are. If you go to the store today, like I did, I was shocked by some of the prices on food. Things have gone up a ton just over the last few days. I think President Bush and the rest of the world leaders need to get their heads out of their you know what. They think they have all these great ideas on how they’re going to fix things. My question to everyone is, why are we letting the same people that got us in this fix try to fix it? Over the next few months the only thing we’re going to be able to afford is gas for our cars. Now there’s something I thought I would never say, but it’s true. Just the other day past Federal Reserve Chairman Alan Greenspan told Congress that he was in a “state of shocked disbelief.” He’s one of the main reasons behind this problem too. He just got out at the right time. I really have nothing else to say about this. We’re all in the same boat and we all need to work together to get to shore, before we sank.