Today'S Stock Market
Learning To Succeed In Today’s Stock Market.
With the economic trouble America is going through in the present, participating in stock purchase is seemingly irrational to many Americans. “Why You Shouldn’t Panic” is an article based on the fundamental ups and downs of the stock market and investment strategies presented by business professionals. Many people tend to panic due to the current economy, thinking they need to pull out of the stocks completely before they lose any more money. On the contrary, authors Roben Fazad and Tara Kalwarski stress the importance of keeping old stocks and purchasing new stocks as well. The panic sweeping America is only going to make the stock market fall further and further behind as more citizens pull out remaining stocks.
Many people are comparing today’s economy to the Great Depression. With the Dow dropping 778 points in September, professionals are saying it “doesn’t even rank among the top 10 in percentage terms” (Martin Barnes) of past Dow declines. Instead of shying away from the stock market at this time, Americans should be taking advantage of the low prices on companies stocks. Smart investors purchase stocks at bargain prices in poor economic times. If the market is at an all time low it is almost guaranteed not to get worse, but to steadily rise back to where it was or even exceed its previous status. Marty Whitman, a renowned “cheapskate” lives for economic decline because it gives him the opportunity to purchase stocks at a low price and later make a fortune. According to the authors now is not the time to panic, last year when stocks were at an all time high was a more appropriate time to panic. Sadly, Americans are becoming nervous in the economic disaster and are quick to pull out their stocks and are unwilling to purchase new stocks which will not help the recovery process of the stock market.
Business Practice Being Discussed
The article is based primarily around investment and...
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