Investing-It's a Global Thing

Go to the bottom of the finance.yahoo.com page. You will see a section on Global Investing with a list of coutnries. Click on a few of them.  You will be able to see for example how the Austrailian All Ordinaries Index did versus the US Market. You can click on World Indices and see how the Hang Seng or the Straits Times or the KLSE did last night. Interestingly the stories, written in England and here, reflect how those exchanges acted after the NYSE New York Stock Exchange closed.  My point is that capitalism has literally spread like wildfire.  Investing is has sprung up where it never existed before.   Why, because everyone wants to get filthy stinking rich, don't let the anyone tell you any different..

Think about it.  The earth turns on its axis, never stopping. Neither does trading. As the earth turns counterclockwise, the day begins in Oceania, Australia and points east.  Traders then come to their desk in Japan and Korea.  China and then India awake.  Petro dollars is making Dubai a new financial Center.  Even dead broke Egypt has a stock exchange.  Trading continues into Europe, click on that link, how many exchanges are there?  And these are just the major ones.  You have to work harder for example to find the

Prague Stock Exchange. As Asia shuts down it is midday at the FTSE in London and the CAC in Paris.  Note that trading in US Stocks continues in all these countries and in US indices.  But the US Excchanges are closed you say!  Yes but foeign exchanges trade US Securities while we sleep.  This is why financial accuracy and ethics in US reporting are so important.  Confidence in US companies drives the world marekts.  And that is what SARBOX is all about.

This is why I recommend you subscribe to Business Week.  It is cheap and portable and a faster easier read than the Wall Street Journal.  Because staying informed ina 24/7 trading world is important.

Let the games begin.

Comments

[Ambroz]

Dr. Elam, remember when you wanted to buy Berkshire Hathaway when it was sitting at $105,000 earlier in the year? Well it looks likes like it might have been a good idea seeing how it closed today at $149,200! Almost 50% return in one year, looks like Buffet stock is doing what it's supposed to-going up!

[Dennis Elam]

Potential energy is a rock sitting on a ledge.
Kinetic energy is the rock falling off the ledge.
The moral of this story is that one has to get off the ledge.

Good point Ambroz.

[homeinczechr]

Think about it. The earth turns on its axis, never stopping. Neither does trading. As the earth turns counterclockwise, the day begins in Oceania, Australia and points east.