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Stock Market Roller-Coaster Ride

Stock Market Roller-Coaster Ride

Here we go again. It looks like we’re in for another ride this week on Wall Street. The stock market lost over 500 points last week and on Monday, it gained 103 points. So what going on so far for this morning? Well the DOW opened flat, but was dropping fast as the opening minutes clicked by. Within twenty five minutes the DOW was down 180 points and since then has climbed it’s way back to only being down 36 points during it’s first forty five minutes into the trading day.

Either way you look at it, it’s going to be a wild ride for the rest of the year. I’m not confident on the condition of the stock markets and because of that, I’m sitting a lot of my money off to the side until the second dip happens sometime this year. We are not out of the woods yet and we are still in a lot of economic dangers in the near future.

Last night while watching Jim Cramer on Mad Money, I noticed that he is confident in the markets and sees some great things coming in the near future. The only thing I agree with him on is his opinion on investing in gold. Of course he didn’t say if you should own stocks in gold producing companies or in actually gold itself. My thoughts on that is that you should own gold coins and other gold items. Like I said, I don’t trust the condition of Wall Street and owning stocks in gold is not the same thing. Whatever you do, do your research into anything you’re going to invest in.

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