This is not the way the financial Armageddonites wanted to start the year.
A global stock market rally? Don't people know that an economic collapse is coming?
All over the Internet, the idea of imminent cataclysm is a popular read nowadays. The issue is not just recession or depression but The End of the U.S.
While the stock market has historically posted higher returns over time than all other major asset classes, many investors balk at the risk and volatility that must be endured to achieve these gains.
The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets.
The Chart of the Day detailed prior stock market corrections going back to 1900 for the Dow Jones Industrial Average. Corrections are defined as those that decline more than 15%.
Investors are feeding a dramatic world-wide slowdown by trying to flee it, racing away from many corners of the globe they used to favor. The resulting tumbles in stocks and currencies have helped provoke a broader crisis in places such as Iceland, whose turmoil in turn is hitting bank depositors from London to Amsterdam.
There are many people who think that stock trading is a quick way of turning a profit. The image of stock trading also is a highly romanticized one, thanks to stock trading portrayals in the media and film. While it is true that stock trading can be a quick way to earn from an investment, it is equally just as easy to lose money from it and that is not necessarily.
