Good Afternoon Everyone,
Keep in mind that finance is complicated precisely because of the profit opportunities that can be derived in this complexity. (note: derived leads to derivatives)
Whether you are an accountant, lawyer, doctor or financial planner, the less your client understands, and the more they are dependent upon you, the more profit that can be made.
European and Asian markets foreshadowed a 1,000 to 1,500 Dow decline on Monday January 21, 2008 (US markets closed). This brought an emergency 0.75% Fed cut.. All the Fed action accomplished was to delay, not eliminate this drop.
