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<p>[QUOTE="saltysam-1, post: 2220276, member: 23368"]Not that long ago many invested their money in CD's as a sound and safe haven for their money. With interest rates at practically zero they switched to stocks looking for growth in their savings. Then prices began to rise from inflation, and in general, faster than the blue chip stocks could keep up. To compensate they went to more riskier stocks not thinking about where these companies had their future plans. Many of those plans were overseas and tied to other economies. Even though our economy isn't suffering like the rest of the world, the rest of the world affects the market. Many of those investors who didn't realize these ramifications are now bailing out trying to minimize their losses. Everyone wants free money but there is risk taking involved with this scenario. Now they are seeing the affect.[/QUOTE]</p><p><br /></p>
[QUOTE="saltysam-1, post: 2220276, member: 23368"]Not that long ago many invested their money in CD's as a sound and safe haven for their money. With interest rates at practically zero they switched to stocks looking for growth in their savings. Then prices began to rise from inflation, and in general, faster than the blue chip stocks could keep up. To compensate they went to more riskier stocks not thinking about where these companies had their future plans. Many of those plans were overseas and tied to other economies. Even though our economy isn't suffering like the rest of the world, the rest of the world affects the market. Many of those investors who didn't realize these ramifications are now bailing out trying to minimize their losses. Everyone wants free money but there is risk taking involved with this scenario. Now they are seeing the affect.[/QUOTE]
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