Friday 19 September 2008

Market Movements

It's interesting looking at the earthquake in the markets. Since this is my first time actively following the markets (this year, actually), it is amazing to watch news changing from hour to hour. I can only imagine how boring it was in the past years when there was not much going on. The market had it's returns and people were to put money in it and wait. It is not too different today, right, but at least there's some adrenaline pumping and emotions arising seeing one's life savings dropping down 30% and then coming back up, then down, then up, and so on. Those assets represent people's hopes and dreams, their life goals, houses to live in, cars to drive kids to school (actually, I'd prefer my kids walk to school the way I did, but...) etc. So, one day those dreams are pushed into the distant future as the amount saved reduces. The goals seem unreachable again. The life is to last in a prolonged suffering and selling one's knowledge, effort, energy, life for money that is to be exchanged for the things one needs and wants. The other days, indexes shoot up, and all those goals are so much closer again. That is fun. :)

Anyway... The markets are up about 3% overnight. There might be some institutional solving of the current crisis, which would be good for the future. Also, short selling might be limited, which would also be a good thing.

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