A Review of the Stock Market During the Past Ten Years
December 15, 2009 by Jason Raburn
Filed under Stock Market
What a tumultuous decade it’s been in the financial markets. We’ve seen peaks and valleys like never before, and it makes you wonder what lies ahead.
Looking back to the beginning of the decade, things really opened up with a bang. Internet stocks were in play, and the tech boom brought about new highs in both the NASDAQ and the DJIA.
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.
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.
Things quickly went down and stayed that way for quite some time. Just when it looked as if things were stabilizing in 2001, things got worse after the 9-11 attacks. The world economy was at risk and many investors were pulling their money out of the markets.
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, take a look at this writer’s article about the no loss robot ripoff concerns.
