If you do any investing you probably noticed a dip that occurred last Monday August 24.
(Note: I do not agree with the opinions expressed in the following YouTube video, I have included it for illustrative purposes only.)
Maybe you lost a lot of money, maybe you lost a little. But unless you are an absolute investment genius, chances are some of your investments lost some value.
But the question is… just how bad is the situation really?
I posted the video above to show one side of the discussion – the guys saying that the end is coming soon and that our entire economy is on the verge of collapse.
On the other hand you have people who really aren’t that concerned and see what happened on “Black Monday” as merely a fluctuation in the market, which has been doing very well for several years now since the great recession of 2007-2009.
As this article on BusinessInsider.com points out, “GDP data due out next week could push the second-quarter growth rate above 3 percent, economists at Credit Suisse noted late last week, bringing the annual growth rate for the first six months of the year close to 2 percent, or just about what it’s been in recent years.”
I don’t know, I’m not a fancy-schmancy stock market “expert”, but that doesn’t sound so bad to me…
In the end, it’s up to each of us as investors to decide what we believe and try to make as much sense as we can about what is going on in the market. You may side with the “the sky is falling” doomsday types, or you may have a sunnier outlook. But the one thing I know is that no matter what the stock market does on a day-to-day basis there are going to be some people throwing up their hands, and others who are totally cool with it…
After all, following the great recession there have been more newly made millionaires than at any time in the history of the world. So there’s that…
My opinion? It’s all good!
Really, listening to what some dude on the internet with a podcast or whatever thinks, is just a big waste of time. The truth is that powerful people are pulling the strings behind the scenes, and the average investor can never really know the truth of what is going on.
This is a concept discussed in the new “Forex Precog” system that has just been released. I’ll be adding a full review of the program shortly, but for now you can check out the program for yourself here.
Remember, even when the market is down, the big guys are still laughing all the way to the bank.