Consumer spending & GDP numbers released this week (after many "revisions that makes one have to wonder what exactly they were trying to cover up) were all very negative. Some analyst seem to be happy with the fact that the numbers were not worse than they were, but do we even have the real numbers?
My guess is that we have reached a temporary lull in the colossal down move (again as mini-Dow index traders we can make money no matter what the economy is doing - that is really the heart of this article -there has never been a better time to get started with us).
The Bank of England is strongly considering their lowest interest rate since their inception in 1694! Yes, we are in uncharted waters, and now is NOT the time to start thinking we have come out of the storm. Now is the time to learn a skill that can help you and your family survive in a DEEP Recession unlike the world has ever seen.
There is no example in history that matches the current financial crisis. Today we have the combination of shrinking credit, decreasing consumer spending, maxed out credit cards, and hardly anyone in American has any savings! How could these factors make a bad situation even worse?
The credit squeeze is still hitting hard on banks and businesses. We are seeing increasing down sizing and lay offs in the private sector. This is causing folks to spend less, which is creating less of a demand for new products and services. This will cause even more lay offs. That will mean even less consumer spending. And, don't forget, this all comes at a time when most Americans have little if anything in savings. Savings that could help them get through times like these.
Are you starting to see why NOW more than ever - you NEED to learn a skill like Index trading??? A skill that is not effected by the economy, or GDP numbers, or layoffs, or consumer spending, or the credit squeeze, etc. etc...
It's entirely possible that MANY investors will not return to stocks again. We have just went through the worst drop for equities in a single month since 1932! Many retirees may never buy another mutual fund or stock again. Younger investors may shy away from stocks altogether.
Global stock markets have seen a 25% drop in value during October. We now have the US government taking preferred stocks in financial institutions, basically turning the banking industry into Federal agents. The free market as we know may never be the same again.
However, as with any crisis, there are those who will come out smelling like a rose. We feel that Index traders will be of that group. There is going to be an index trading somewhere, and we will be there following it up and down!
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