Friday, October 3, 2008

The Dow Jones Psychology

I know, it's been awhile since I updated this.... But I've not been slacking off! Just me keeping busy by enriching myself before putting up more news...

The market has been through alot recently, through the bulls and bears.... got my eyes crossed wondering what's going on with the world!

Yesterday the Congress finally approved the new and improvised bailout plan for the Main Street to save the Wall Street. Like most ppl, I dunno if the plan will work; let alone can save the market. Skeptism aside, if the good ppl of US think of it as investment, am sure they will benefit from this plan. History had shown the Dow don't just crash like that, even in the very bad 70s.

And the market was responding like crazy. Mayb I can put this in a metaphore.

Before the bailout plan was approved, the market was full of optimism in anticipation of the success. It's like the little boy before Christmas, expecting the favourite toy under the Christmas tree. The mood is good.... the DJ goes up....

When the Congress finally passed the bill, the market dropped! Well, on the morning the boy opened his present and discovered he did indeed received his anticipated toy, the wait is finally over. Then reality sinks in, and the boy wonder if his toy will be taken away from him, the anxiety and worry surfaced..... and the DJ frowns......

Well, I'm not a psychologist, but that's how I view it.... enjoy the ride!