Well after this week's recent erratic movements in the stock exchange it is obvious that no-one knows what is going to happen.
So why do we hang off every word from these financial journalists?
It appears that anyone can make an educated guess, what a wonderful profession to be able to make tips, but not to really have to back them up. Signs say this, reality say this, but of course we don't know for certain because of human emotions. Aaahh yes, the similiarity to horseracing and other forms of gambling is very real.
What I do know, is that even with billions of losses, the world is such a different place then when it was in the great depression. We have many more billionaires, who if they chose could probably prop up just about any economy in the world, without Government assistance.
How far will Government's let economies slide? That is another question. As we move towards an American election, recession/depression would be a definite vote loser.
There is also the emotive side of the equation, when people panic, even though the recommendations all stay stick in for the long haul, it is interesting to watch the capitulation.
For the record, I have shares and a margin call, so I would love to have a crystal ball as well.
Joanne Kee
www.ceressolutions.com.au
www.womenandwealth.com.au
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