What a tumultuous decade it’s been in the financial markets. We’ve seen peaks and valleys like never before, and it makes you wonder what lies ahead.
Looking back to the beginning of the decade, things really opened up with a bang. Internet stocks were in play, and the tech boom brought about new highs in both the NASDAQ and the DJIA.
It seemed like everyone was making a fortune in the stock market. Even taxi drivers were talking about their latest buys, and the mania had gone mainstream like it never had before. People were making more money in a few months’ time than they’d typically make over a matter of years.
Those who sold at the top are extremely fortunate, because few people saw the major correction coming. Everything tanked during the second half of the year 2000 and fortunes were lost just as quickly as they were made.
Things quickly went down and stayed that way for quite some time. Just when it looked as if things were stabilizing in 2001, things got worse after the 9-11 attacks. The world economy was at risk and many investors were pulling their money out of the markets.
A rebuilding mode set in during the next few years, and some steady gains followed through 2006, at which point some of the indexes once again set new records. Investors were optimistic about market conditions and money was beginning to flow back in.
Not only were the equities markets thriving, but fortunes were being made through foreign exchange currency trading and commodities trading. Even vehicles like ETFs began to spring up and attracted heavy investment money.
As you well know, the end of the decade ended on a poor note, as we’ve been hit with one of the biggest bear markets in history. On the bright side, things look to be slowly improving and we could very well be on our way back up the roller coaster.
If you’re into forex trading, take a look at this author’s article about the Forex No Loss Robot scam concerns.
Memorable Events From January 2000
Monday, April 26th, 2010I was looking through a history book and it was going on about memorable events of ten years ago, but I had forgotten most of them. I have picked out some of the events of exactly ten years ago this month - January, in a word. So here are a few things that you may or probably will not remember from January 2000.
1 - on his first day as acting president, Vladimir Putin left to visit Russian troops in Chechnya.
4 - President Clinton recommends Alan Greenspan to a fourth four year term as Chairman of the Federal Reserve.
5 - President Clinton rules that Elian Gonzalez, a six year old Cuban boy who survived the capsizing of a refugee boat, should be returned to his father in Cuba.
6 - much of Miami is shut down by hundreds of Cuban-Americans protesting the Gonzalez decision. - the S.E.C reports that most partners of Price, Waterhouse, Coopers, the world’s largest accounting firm, contravened regulations requiring that they may not hold shares in firms that they audit. Five partners were fired.
7 - Vice Pres. Al Gore back-tracks on his assurance to ensure that all new appointees to the Joint Chiefs of Staff were sympathetic to permitting gays to serve openly in the military.
8 - AOL announces a merger with Time Warner for $165 billion: the world’s biggest ever.
11 - the British government decides that General Pinochet is medically unfit to stand trial for suspected crimes against humanity in Chile during his presidency.
13 - executives at the nation’s leading drugs companies say they want to cooperate with Clinton to establish Medicare coverage for prescription drugs this year.
15 - Arkan, the notorious Serbian paramilitary leader was shot dead in a hotel lobby in Belgrade.
18 - Helmut Kohl resigns as honorary Christian Democratic Party chairman over allegations of corruption from within the party.
24 - the Supreme Court rules that laws limiting political donations to $1,000 in Missouri are constitutional.
25 - the Congressional Budget Office reports that the flood of tax revenues ensuing from the exceptionally strong economy will last for ten years.
26 - ‘The New York Times’ reports that U.S investigators have discovered links between a group of Algerians charged with plotting a terrorist strike in the U.S. and Osama Bin Laden, the exiled Saudi accused of bombing two American embassies.
31 - Republican Gov. George Ryan of Illinois halts all executions in the state citing a disgraceful record of convicting innocent people and putting them on death row. - top officials n the C.I.A. are accused of blocking an internal investigation into indications that the agency’s past director, John M. Deutsch, mishandled secret information.
Owen Jones, the author of this piece, writes on many topics, but is currently involved with custom wall calendars If you have an interest in calendars, organizers or promotional calendars, please visit our website now at Promotional Desk Calendars
Tags: advice, celebrities, commentary, current events, government, history, hobbies, legal, other, politics, reference, reviews, social issues, Uncategorized, world
Posted in Uncategorized | No Comments »