By Douglas V. Gibbs
Author, Speaker, Instructor, Radio Host
The Stock Market moves up and down sometimes based on confidence, and political happenings. The market is overall healthy, and has taken a recently needed correction, with a 1,200 point drop. . . but now it is up again … with fluctuations happening by the second.
Personally, I am not a fan of what I consider to be a casino-style gamble, but the reality is, the stock market is tied into our economy, and one of a number of signs of economic health.
This morning the market dropped 500 points, then rose 350 points (it’s been between 100 and 200 up over the last few minutes), with a push and pull of investors who, perhaps based on Trump’s actions and words, and perhaps knowing things we don’t, are buying and selling at a nervous rate. Some experts have said the volatility is the result of fears that inflation is coming.
Information technology has been the best performing so far, with Nasdaq acting in a healthy manner as Facebook, Amazon, Netflix and Alphabet all rose more than 1 percent.
All of the major indexes have been riding the latest rollercoaster, shooting downward out the gate, before working on a steady rise.
