The Relationship of October with the Stock Market
October is being October. What is happening is not surprising except that it is happening on a much larger scale. The U.S. market only dropped 2% today. The foreign markets are a different story. Japan falling 952 points, the largest drop in 21 years. Russia dropping 10% and stopping trading until Friday, and Brazil also with a 10% drop, and the beat goes on. Raise yourself above the earth and all the activity going on here. This is a time of global change. It's starting at the top and will affect all of us individual inhabitants. We need to be creative and look for new ways of thinking and doing in this world. Obviously, for those of us living today, we are ready to face the challenge, individually and collectively. With this approval of the $700 billion bailout, we knew before it would be more than $1 trillion. Today, we loaned AIG double digit billions in addition to the $85B. Then it comes out that this company spent close to half a million at a California resort to have a rest and relaxing adventure for their top insurance sales people. This kind of excess is being exposed and will continue to keep the passion energy high to make sure change is permanent and not forgotten easily. There needs to be a purge and it is underway. Look at this as part of our history and the timing for a 'fall.' I think the market will settle above 8,000. By that time there will be much purging in places that we have not even imagined. I appreciate your own thoughts.
Labels: AIG, bailout, California, foreign markets, insurance, stock market
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