Discussion»Statements»Rosie's Corner» Walmart is closing lots of Sam's Club locations. 11,000 folks may be out of work. The stockmarket is at a new all-time high. WHY?
Economies and businesses are dynamic, not static. For the former to flourish, the latter must constantly be growing here, cutting there, innovating this, and discarding that. Many types of brick and mortar stores are slowly being pushed out of the market by growing online sales. As local economies fluctuate, so too the viability of those markets for retailers. Companies increase and decrease their workforce according to their individual needs.
The rise and fall of markets is driven by the confidence of investors. Investors have confidence in companies that adapt to the realities of changing economies, market trends, etc.
Thank you for a very thoughtful, helpful and informative reply B. I appreciate it a lot. My ONE try at being a stockholder occurred decades ago. A very close friend worked for a company that matched investors with research projects. She had a "sure thing". It was a drug that had few side effects that was for mitigating the effects of rheumatoid arthritis. You know how it can deform and cripple so it was a very big deal. It was in the third stage of FDA review and all signs were go! It was going to revolutionize the treatment and investing in it at that time would make us very rich. Shares were $16 each. I don't remember how many shares she bought but I invested $4000 with dreams of becoming very wealthy. Well you know what's coming. Whatever happened to the "sure thing" I never found out. It dropped out of FDA review and the value started plummeting. I got out when the value hit $9/share and considered myself lucky. It kept dropping and dropping. That was the extent of my involvement. I do not have a "take-risk" personality or temperament nor the money so I never invested again. It remains a mystery to me how it works, why it works and why so many folks gamble so much money . Of course they're the ones who strike it big. Not folks like me. I know who I am and who I"m not. Are you an investor B? Do the ups and downs worry you at all if you are? Do you think this skyrocketing economy is just a bubble that will burst just like the housing market did years ago? I watch from the sideslines and wonder when the crash will come. Once burned twice shy! :)
I don't play at the big casino, either. Right now things are booming and the economy is doing well and the market is rising to new heights...but the market is cyclical and bubbles burst. The largest point losses to date happened in 2008 and 2001, people would do well to remember that.
Yes, but as I do not play the market, I don't always follow them. There are also singular happenings that have a great affect that cannot always be predicted. In 2001 it was 9/11, in 2008 it was Congress rejecting the bailout bill.
Thanks. You too! Tomorrow the Australian Open begins so for two weeks we have the great good fortune to watch tennis stars play. Our favorite is Roger Federer. I don't know if you are a tennis fan but I believe he won 19 majors so far...more than other man. He is 37 I believe which means he won't be playing many more years. We hope he will win a 20th or 21st major match before he retires. He is such a classy player and person. We don't have any appointments or engagements on our calendar. The time difference is wondrous because when the match is in Austrlia it is going on whenever we get up. I think the difference bertween Melbourne and Hemet is something 17 hours! Anyway are you interested in any professional sports? Thank you for your reply Bozette! Coquette? I don't think you're the type. Parlez-vous francais? :)
I took 4 years of French. Two in high school and two in junior college. Je m'appelle Rosemarie. Je suis heureuse de faire votre connaissance? The question mark is because what I think I said is "I'm happy to make your acquaintance". And the prior one was "my name is" "Je parle francais un petit peu" I speak a little French. But when folks speak French fast I can get a word there and there but that's it. Merci mille fois! Au revoir! :) ((hugs)) Oh years ago we moved to Massachusetts and my first exposure to hockey was Bobby Orr/Boston Bruins. I don't know if you are familiar with him but he was poetry in motion. An amazing player. But his knees went out at some point. After that because of my son I got hooked on basketball for years and I was a Boston Celtics fan big time while he and his friends were Lakers fans when they were in high school and college. Now it's golf and tennis. Jim plays both and I really enjoy watching. FYI. TMI?
This post was edited by RosieG at January 14, 2018 6:49 AM MST
Bozette 