A strong case for market optimism
Believe it or not - you have several good reasons to believe the sky isn't falling. In fact, it may be clearing up.
The economy is in trouble and fear rules Wall Street. No wonder. Banks and other financial companies are posting huge losses. The Federal Reserve has had to engineer a rescue of investment bank Bear Stearns. Home prices are sinking.
The Fed is cutting interest rates to battle recession, but the stock market refuses to be calmed. The Dow swings wildly even as it teeters on the edge of a bear market. And oil keeps rising while the dollar keeps falling. It's all unsettling in the extreme.
But the really scary question is, What's next? Are we at the start of a deep recession and a crushing decline in stock prices? And however serious the problems, how can you best protect your investments?
I'd argue that if you apply a little long-term thinking to the worries that are keeping you up at night, you may well conclude that the outlook for your portfolio isn't so bad - and in fact, that it may even be mildly encouraging.
https://web.archive.org/web/20080423105828/http://money.cnn.com/2008/04/21/pf/mad_market.moneymag/index.htm?postversion=2008042204
Stocks recover poise after slipping
Wall Street erases most of the day's losses to end a strong week as investors weigh rising commodity prices and a better-than-expected housing report.
https://web.archive.org/web/20080521000623/http://money.cnn.com/2008/05/16/markets/markets_newyork/index.htm?cnn=yes
Senate deal struck on mortgage aid
Plan would let government back loans for at-risk borrowers. Key lawmakers reach compromise: Taxpayers will not be on the hook if loans go bad.
https://web.archive.org/web/20110629134022/http://money.cnn.com/2008/05/19/news/economy/dodd_shelby_deal/index.htm?cnn=yes
Mood improves on Wall Street
Futures edge higher as investors mull rise in oil prices and slight pullback in dollar; overseas markets advance.
https://web.archive.org/web/20080818230938/http://money.cnn.com/2008/08/11/markets/stockswatch/index.htm?cnn=yes
Had to give up my gig at kelly connect, the starting pay was $17/hr to do applecare support. It was a pretty sweet gig, although exhausting at times, are there any other opportunities that pay similarly where my skills would transfer over?
