Investing for Dummies
The FTSE is down around 125 points at the moment - the DOW, Nasdaq and S&P futures are down and the S&P looks likely to fall to around 740 today. Citigroup has been to all intents purposes nationalized because it's too big to fail - Ivanka Trump thinks CEOs are not paid enough and people should get off their backs and give the guys a break - "we need to pay the best people ludicrous amounts of money otherwise they will go somewhere else" - what best guys ? I haven't seen any recently - GM is bankrupt, Ford is not far off, Chrysler too, practically all the banks are slowly sinking into the mire - who are these highly talented individuals who need billions just to get out of bed in the morning - it's all nonsense !
The DOW may well see 6000 in the not too distant future by the way so hold on to your hats - learn to read the stock charts - and for the time being save your cash or short something if you're very confident - shorting the S&P seems fairly saf at the moment - but that isn't a tip or advice so don't blame me if they discover 10 trillion dollars under Superman's mattress.
For basic information on investing online and on the stock market for beginners see stock charts for dummies