As everyone should know, the Stock Market opened down today. Very, very down. Like, 1000 points down. This is due to many factors, but I will not go into each of them, because if you don’t know by now, shame on you.
I will say that leading up to the opening of the market was the most excited I have been in a while. I had no idea what it was going to do. Was there going to be a sell off? Was there going to be people taking the opportunity to buy (like I thought about doing)?
Well, I was keeping an eye on Ford’s stock price. And once the bell rang, they were all over the place. For the first 15 minutes their stock price jumped between 15 percent down all the way down to 25% down and back up, and back down again. Then it did what I should have guessed it would do, the price started climbing. Before I knew it, it closed less than 5% down, meaning I should have gone with my guy and bought the shares.
Is this the end of capitalism as we know it? Of course not, capitalism will continue on, this was just a blip on the radar. Tomorrow may have another down day, or it could be a recovery day. It does help that I have no plans on retiring anytime soon, I can watch this with excitement. I expect to recover any losses I suffered today. In fact, I expect to buy some shares soon. It’s a shame the market recovered half of it’s losses from opening. I would have loved to purchase everything at discount. Of course, I still may be able to tomorrow.