To illustrate this point, a friend of mine recently sent me a chart which I would like to share with you. This charts shows that we may be going into a prolonged period of no growth in the overall stock market. The NASDAQ peaked at 5,132.52 on March 10th, 2000. The NASDAQ market is in many ways more important than the DOW, and should be considered more of a leading indicator. If that is truly the case, then we have been in a bear market for the last eight years.
Trading throughout the balance of this decade is going to be the key to survival and for recovering the profits in your portfolio. We strongly recommend that you approach these markets with some level of expertise and knowledge of technical trading.
The future is going to be the future and we need to take advantage of every moment and prepare ourselves to be the very best we can be in whatever business or endeavor we are pursuing.
Let us know what you think?
Every success in the future,
It is hard not to be a sore loser in today’s economy. We pay more money for less gas. The prices on groceries have risen, while the value of the dollar has fallen. The unemployment rate is still high, and many of us owe more on our homes than they are worth.
So, how do you think we can turn this economy around? Perhaps we would all like to believe in Bernanke’s theory of Wealth Effect. (“Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.”) However, that doesn’t seem to be happening. So, when do we stop trying to help the economy by buying, buying, buying, and start keeping ourselves safe by saving?
As usual, we would love your feedback and insight. Let us know where your money is going in the comments section.
It's summer and typically the only "double-dip" most of us would like to be thinking about has to do with ice cream. Unfortunately, whispers of a "double-dip recession" have grown to a shout after warnings voiced at the G20 Summit in Toronto, Canada.
Some economists say the writing is on the wall, citing signs like last week's dismal housing report and a drop in commodity prices, while others are saying that these claims are unfounded and a second recession, unlikely.
Vote below and tell us what you think in our comments section.