Wall Street is the so called metonym for the United States financial market. It is a 1.1km strip that traverses from Broadway to South Street and is home to the New York Stock Exchange (NYSE). The Big Board as how NYSE is sometimes called, is the world’s largest stock exchange and includes other well known bourses like NASDAQ and the New York Mercantile Exchange. Traders like Michael Bloomberg, Warren Buffet, Bernie Madoff among many others are the iconic investment gurus that thrive on the site.
The unofficial credo of Wall Street is said to be “greed is good.” Nonetheless, the lusting financial markets have now tapered down, despite of a 30 percent increase in stock market prices; and a bull run that is expected to hold out till the end of the year. Many analysts expected a healthy pull back despite encouraging trends. But, investors were advised to prepare for a market correction---- or a 5 to 10 percent decline, anytime soon.
Despite the rally in share prices, investors were lukewarm on the uptick; and recalculated their portfolios to include more blue chip stocks that pay higher dividends. These types of investments have the financial muscle to survive any market adjustment that may take place in the future.
Greed is good, if you can cover your back to see that you don’t lose your shirt in the process. As per Wall Street lingo, you only play with money that you can afford to lose.
Here's to better investment opportunities for 2016!
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