The Last Decade Of Financial Markets Reviewed
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.
Let’s take a look back to the beginning of the decade. Times were great in the financial world. In fact, the indexes hit all-time highs and there were aggressive gains in the markets almost every day.
More people were trading stocks than ever before. This was a craze that the world had never witnessed, and everyone wanted a piece of the action. New accounts were springing up left and right.
The NASDAQ’s all-time high of over 5,000 still seems surreal today, and things quickly corrected themselves. Many stocks were fractions of their previous high just months after things peaked.
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.
At the same time, oil prices hit all-time highs, and things like forex trading became extremely popular. The mania was back and everyone wanted to be a part of it.
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 interested in Forex trading, take a look at this author’s article about the no loss robot ripoff concerns.
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