The Last Ten Years Of The Financial World In Retrospect
3:39 PM // 0 comments // sb blogger // Category: //By Jonathan Bridges
To say that the equities markets have been erratic during the last ten years is somewhat of an understatement. There's never been volatility like this in both directions during such a short span.
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.
People were doubling their money within months, and overnight millionaires were born. Just about everyone out there was trading stocks, and many quit their jobs for the sake of day trading. CNBC was a fixture on television sets around the country.
Unfortunately, reality hit soon after, and it hit main street pretty hard. The markets retreated from their all-time highs within a matter of months. Things plummeted as the reality of the tech bubble set in.
Within the span of a year and a half, things went from glory to gloom. The fall of 2001 was the low point of the market during the beginning of the decade, as some major declines took place after the terrorist attacks on our homeland. The state of the economy was very uncertain.
The roller coaster ride continued during the years that followed, as the DJIA broke new ground and set a high mark just five years later. It seemed as if the good times were back, though not as dramatically as the first time around.
At the same time, oil prices hit all-time highs, and things like forex trading became extremely popular. The mania was back and everyone wanted to be a part of it.
The years of 2008 and 2009 were sour ones in the financial world. While the forex money continued to pour in, the rest of the markets experienced a downturn that crippled millions of investors. Can we rebound from here? We may very well be in the midst of that now.
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.
People were doubling their money within months, and overnight millionaires were born. Just about everyone out there was trading stocks, and many quit their jobs for the sake of day trading. CNBC was a fixture on television sets around the country.
Unfortunately, reality hit soon after, and it hit main street pretty hard. The markets retreated from their all-time highs within a matter of months. Things plummeted as the reality of the tech bubble set in.
Within the span of a year and a half, things went from glory to gloom. The fall of 2001 was the low point of the market during the beginning of the decade, as some major declines took place after the terrorist attacks on our homeland. The state of the economy was very uncertain.
The roller coaster ride continued during the years that followed, as the DJIA broke new ground and set a high mark just five years later. It seemed as if the good times were back, though not as dramatically as the first time around.
At the same time, oil prices hit all-time highs, and things like forex trading became extremely popular. The mania was back and everyone wanted to be a part of it.
The years of 2008 and 2009 were sour ones in the financial world. While the forex money continued to pour in, the rest of the markets experienced a downturn that crippled millions of investors. Can we rebound from here? We may very well be in the midst of that now.
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