Last Monday stock markets UP, this Monday stock markets DOWN!
@redyellowblackdog (10629)
United States
March 30, 2009 7:49am CST
Yes, it is true.
On Monday, March 23, 2009 stock markets around the world were remarkably UP! This Monday, March 30, 2009 stock markets around the world are remarkably DOWN. Here's more about that.
http://news.yahoo.com/s/ap/20090330/ap_on_bi_ge/world_markets
I say that it is high time people took to heart the commons sense notion that high financiers are like anyone else when it comes to trying to make a fast buck. Yes, the markets went UP last week. Why are they going DOWN now, really? Those people who bought last week are cashing out for that fast buck! I'm not kidding. This process can even be mathematically modeled very simply. Stock markets only look confusing because it makes it easier to fleece people out of their money that way.
What do you say?
2 responses
@Destiny007 (5805)
• United States
30 Mar 09
I understand the concept of buy low and sell high.
This is what I think happened. These people bought stock while it was down, and when it started to climb, they sold when they thought it was to risky to hold. Those who bought at the lowest price made the most profit.
Isn't that the way it usually works for the speculators?
I know that is probably simplistic, but I think that is also an accurate description.
What say you? Is I right or is I wrong?
1 person likes this
@redyellowblackdog (10629)
• United States
30 Mar 09
You are right. It is only the relative deterministic vagueness of what is high vs what is low that causes a problem.
@Barb42 (4214)
• United States
30 Mar 09
I heard late last night on Fox News that the markets were down overseas, which was a bad sign that ours would be down today. Well, wonder what Obama will say today -
I'm sure he took credit for it going up last week because of the 'stimulus'. 
1 person likes this
@redyellowblackdog (10629)
• United States
30 Mar 09
My guess is that 0bama will ignore the markets going DOWN today. Personally, I think the markets are going down today merely because of profit taking from last week. Last week's dramatic rise was completely unanticipated by the program I wrote that models and projects markets, which makes me think the rally last week was contrived somehow and could not have lasted anyway.
