Tuesday, October 14, 2008
What a difference a day makes
With nearly a 1,000 point gain in the Dow Jones Industrial Average on Monday, the largest single day gain in its history, the market showed a real sense of confidence that the moves made by The United States and other governments around the world will have a positive impact on the current economic situation. While it is a good sign, it shouldn't be a surprise to anyone to see a lot of ups and downs for a little while as investors try to take advantage of the erratic swings in the market. There's one thing for certain, property values will not fall 10% in a single day only to recover almost as much a few days later. For the faint of heart who don't enjoy daily swings like these, real estate offers a place to put your money that reliably increases over the long term, is never worth zero, and can right now be had at a bargain in many market segments!
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