The unemployed were certainly not surprised by the uproar in the week just ending as a result of the increase in forecasts of a possible recession, this that their pocket economy is already doing badly.
We immigrants should pay attention to these trends, which seem complicated, but if we paid attention to them, we could make intelligent moves before the train takes us downhill, as the country’s economy is apparently, because the environment is still heavy, although it has been For a while we said that the pandemic is over, and a deadly virus is still rising in the economy.
The fall of the markets started with the data on job growth, which was 114 thousand jobs for July last year, with a percentage of unemployed people of 4.3% and these numbers did not please big investors.
This is because they are talking about the risk of recession and using these numbers to put pressure on them, trying to get the Federal Reserve Bank to lower interest rates before the meeting in September, and that when a reduction in the cost of borrowing money between banks is planned. It is that money that they use to grant loans to clients to buy houses, cars or pay off credit cards.
The trouble continued on Monday with a rapid sale of shares causing investors to panic and go out to sell more shares, leaving a general panic in the air.
The irony is that it all started with the certainty that came with the decrease in expectations about Artificial Intelligence companies.
These movements occurred just when investors were looking for an explanation of why billionaire investors Warren Buffett are selling shares of Bank of America and half of his shares in the giant of the bite apple, Apple.
In that play we get a lesson: have patience in the stock market, and of course money to wait for profits that are millionaires.
Buffett bought millions of Appel shares when it was cheap, that is, between $23 and $25 per share, and now he is selling, pocketing more than $50 billion because he waited for each share to go above $230.
That lesson shows that the Wall Street Stock Market is not for the faint of heart, but if we are careful in business and follow the tycoons, we might know when it’s time to move, to invest to do
And the billionaire himself explains that he got rid of Apple and Bank of America to have money to buy other papers that are cheap. So take a good look and invest in the stock market.
As the author, Sofía Villa writes this column in her personal capacity and her views do not represent Televisa-Univision where she works as an Assignment Manager.
2024-08-10 00:17:00
#Psychology #decline
