During the times of economic downturn, stocks were plummeting and many people had sold their shares with the fear of losing a lot. It was likewise reported back then that if you had any intentions of investing in stocks that was the right time to buy them since they were low. This all occurred during the time that sharp oil price increases were hitting the world and everything else was deemed as heading toward disaster.
This week, we have seen the slight decrease in oil prices which have given new hope to people who are quite bothered by the growing problem of oil prices. The oil price issue has acted as a domino effect, affecting businesses, stocks and foreign exchanges as well as real estate mortgage and sales. But it was also advised back then that if there is a time to invest, that would be the best time when everyone is selling them at lower prices. Many did not believe these advisors since they were too busy panicking. Now we see that their analysis is holding true.
Stocks are now climbing coinciding with the fall of the price of oil. So for the people who have held on to these stocks or have bought them, profits are sure to be rising as well at this point. For the others, buying now may not be too late but the opportunity has already been lost. But as long as these trends continue, expect everything today to pick up and hopefully brings the world back to its normal state.
Originally posted on December 20, 2008 @ 7:10 pm