Market

For days now the stock market was on a down slide. Finally, on Tuesday it showed some sign of life and went up a little. Good news! Yesterday, Wednesday it was very energetic and it seemed it wanted to correct all its previous wrongdoing and it really went high. Very good news! Made back a little of the losses so things were looking up. Thought I!

Well, today it dropped like the Hindenburg back in 1937. They said it was the worst day in two years. And they also said there was no news of any kind that provided the reason for such losses.

That is really very frightening. When something happens, like Ukraine or North Korea or some other country that really effect the news it is understandable that the stock markets react. But when there is really no rhyme or reason just because... that is scary.

At the time I am writing this, about 20 minutes after New York market closings the Dow was down 1.62% while the NASDAQ was down 3.1%. These are serious money losses that will be very difficult to recoup.

The stock market is just like the weather. Nobody know what the market will be tomorrow just as nobody know what the weather will be tomorrow either.

The only difference is that people who deal with the stock market make a lot more money than the people who deal with the weather.

I never heard a mother to say I hope my son (or daughter) will be a meteorologist but rather they dream of their offsprings to go into finance.

It is more fun to play with my money than let me know that tomorrow will be a gorgeous day than it turns out a crappy and ugly day.