Market at lowest since 9/11

Aug 02 2007

Yesterday the market was at its lowest since the September 11th attack on the World Trade Center. Everyone was speculating that the drop was due to Rupert Murdoch’s purchase of Dow Jones but this is silly. The cause was the big lag we have been hearing about in the US housing sector and other roll on effects like that.

The good thing about a low market day is it is a good time to buy shares. I wonder if many people will become rich after yesterday? If you have some spare cash it would be a good idea to get some professional advice from a broker and see whether you could invest in some secure shares. The low market might push the value up above what you would earn in a regular savings account.

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Posted by funky under Money Makers