Early news of Carlyle Capitol's demise to -70% has affected world markets today.
I wish that I had more money to buy more stock! The over reaction to bad news has driven stock prices down, down and down further.
Great time to invest by getting good stocks very cheaply. Problem is, no one knows when the markets will stop dropping and start moving back upwards again. Japan suggests the U.S. will rebound from its ills late 2009 to early 2010. Others think end of 2008, while one man suggests March 21, 2008 will be the end of our problems.
I'm getting tired of people telling me that they've lost 30% or whatever. You don't loose unless the stock you hold looses everything or if you sell below your purchase price. If you own stock in good companies, the chance of loosing is minor. The down side however is the length of time you may have to wait to reach the break even point and then the profit point (positive sell price).
I've been up all night watching the market day in Asia. With more bad news on the way from the less than stellar U.S. market, I'm heading to my pillow for a nap before I go bike riding. No sense watching our market today!
Thursday, March 13, 2008
Déjà vu
This truly is déjà vu.
You see, I was a budding entrepreneur until the Dot.com crash of 2000 which wiped out $5Trillion smackaroos in market value of technology companies.
I painstakingly learned another trade and went into service in the corporate world.
Today I'm back working for myself in the stock market. It is truly déjà vu because we are now in a recession that I annoyed my work-mates in the corporate world about a year ago. This time it isn't technology that has been the center of trouble. It is the people who decided to make a market of selling mortgage contracts and persuaded that lenders not act in a fiduciary manner when it came to working with applicants. In this way, more contracts could be written (to many people who had no business borrowing the amounts they were persuaded to borrow).
I left my business following the recession of 2000 and I went back to my own business during the 2008 recession. Deja vu? I'd say so!
You see, I was a budding entrepreneur until the Dot.com crash of 2000 which wiped out $5Trillion smackaroos in market value of technology companies.
I painstakingly learned another trade and went into service in the corporate world.
Today I'm back working for myself in the stock market. It is truly déjà vu because we are now in a recession that I annoyed my work-mates in the corporate world about a year ago. This time it isn't technology that has been the center of trouble. It is the people who decided to make a market of selling mortgage contracts and persuaded that lenders not act in a fiduciary manner when it came to working with applicants. In this way, more contracts could be written (to many people who had no business borrowing the amounts they were persuaded to borrow).
I left my business following the recession of 2000 and I went back to my own business during the 2008 recession. Deja vu? I'd say so!
Introduction
This is my rant about my investing thoughts as I follow the stock market. It also questions many things about the world as it relates to the companies, sectors, and people affected by the the money we seek to make.
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