Koenig’s perspectives on Bible prophecy and world issues Nov 2011
By looking at the gains in the stock markets over the last couple of weeks one would think that the European debt crises was resolved. I cannot believe that people are that stupid so I think financial managers are really just gambling that others will bid up the price of stocks based on the recent European agreement. In other words, the 2000 point swings that we are seeing in the stock market in the last couple of months is due to speculators that are gambling on the rise or the fall of the stock markets and not on the fundamentals of the companies that sell stock in the market or the European debt.… continue reading