Monday 16 March 2009

wealth creation and destruction

In a bull market, there is an overall positive perception of the market's ability to keep producing and creating. Because this perception would not exist were it not for some evidence that something is being or will be created, everyone in a bull market can be making money. Of course, the exact opposite can happen in a bear market. To sum it all up, you can think of the stock market as a huge vehicle for wealth creation and destruction