rally in the stock market
5/10/2009How long can this rally last? This is the question that many investors are asking themselves at least as of the date of this article. It may be true that the economy is showing signs of getting better but that doesn’t mean that everything is going to be okay overnight. The question in my mind is that if this rally is fake and simply a small sign that the economy will get better in the future but not in the near; is it then okay to invest in companies and funds that do the inverse of the market like SKF.? Funds like skf are so cheap now and you could end up making a fortune if you buy those funds and investments. One of the main things that people look at for determining how well the economy is doing are current unemployment rates in the areas that are having economic concern. Providing my own opinion here; I think that there always will be a need for workers and some people have to work to survive, but the amount of people working is actually going down and one of the reasons people don’t work as much as they used to is simply because it’s not worth the time and effort much anymore i.e. working like most employees do. In other words if you are living alone and you spend hours driving to work like a lot of people, you might have just blown 50 dollars of your 350 dollar a week pay check just in gas so there goes 1/7th of your pay check out the window or well over 5 hours of your time. Then when you factor in wear and tear on your vehicle, mental stress at your workplace, and time wasted at a job many people are trying to find any resource they can to keep from working such as living off unemployment, donating plasma, doing side jobs as contractors, and starting small businesses even if it’s cleaning doctor’s offices. My point is don’t JUST look at unemployment because current unemployment rates are important sure, but they aren’t the only source of money for a lot of people these days so be sure to think about that when you hear all about the doom and gloom of the economy.
more articles about rally stocks and current unemployment rates
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