A Review Of The Equities Market During The Last Decade
The stock market of the last ten years has been a wild ride. Let’s take a few moments to reflect on just how crazy things have been during this time. This has been a very memorable decade as far as the financial markets are concerned.
Let’s take a look back to the beginning of the decade. Times were great in the financial world. In fact, the indexes hit all-time highs and there were aggressive gains in the markets almost every day.
It seemed like everyone was making a fortune in the stock market. Even taxi drivers were talking about their latest buys, and the mania had gone mainstream like it never had before. People were making more money in a few months’ time than they’d typically make over a matter of years.
Those who sold at the top are extremely fortunate, because few people saw the major correction coming. Everything tanked during the second half of the year 2000 and fortunes were lost just as quickly as they were made.
To think that the indexes were as high as they were seems ludicrous in hindsight. Within the span of a few months, the markets had corrected by over 20%. Late 2001 was even worse, as the events of September 11th brought about new financial worries.
A rebuilding mode set in during the next few years, and some steady gains followed through 2006, at which point some of the indexes once again set new records. Investors were optimistic about market conditions and money was beginning to flow back in.
Not only were the equities markets thriving, but fortunes were being made through foreign exchange currency trading and commodities trading. Even vehicles like ETFs began to spring up and attracted heavy investment money.
Once again, the doom kicked back in and the markets hit their lowest points since the 1990s. Things have since rebounded a bit, but it makes you wonder where we might be headed next. Something tells me that wherever we go, it’ll be a wild ride
If you’re interested in the forex markets, read this writer’s article about the No Loss Robot scam concerns.
Filed under: Currency-Trading
