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.
More people were trading stocks than ever before. This was a craze that the world had never witnessed, and everyone wanted a piece of the action. New accounts were springing up left and right.
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.
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.
Things slowly rebounded during the next few years, until the Dow Jones industrial average rallied to an all-time high in 2006, breaking--,000 at one point. Many feared another bubble that was bound to correct itself.
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.
As you well know, the end of the decade ended on a poor note, as we've been hit with one of the biggest bear markets in history. On the bright side, things look to be slowly improving and we could very well be on our way back up the roller coaster. - 31391
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.
More people were trading stocks than ever before. This was a craze that the world had never witnessed, and everyone wanted a piece of the action. New accounts were springing up left and right.
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.
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.
Things slowly rebounded during the next few years, until the Dow Jones industrial average rallied to an all-time high in 2006, breaking--,000 at one point. Many feared another bubble that was bound to correct itself.
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.
As you well know, the end of the decade ended on a poor note, as we've been hit with one of the biggest bear markets in history. On the bright side, things look to be slowly improving and we could very well be on our way back up the roller coaster. - 31391
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