Tuesday, June 01, 2010

EconomyUSA: Investors: Market Watch portrays May's volatility in this apt pix

Do you carry a left-goudzwaardian hate for capitalists, particularly investors?

Then, I give you occasion to rejoice and be exceeding glad as you feast your eyes on this one. But maybe you can glimpse the real pain in the face on this excellent bit of webcomic satire.  You see, the volatility of the markets last month created an enormous amount of anxiety and worse, as investors last month -- the good, the bad and the ugly among them -- tempted to cope with their shortfalls.  Of course, some clever lads made a killing, by luck or purposeful exploitation knowing when and where to reap stunning profits off the misery of others -- and the others not being only investors, small investors particularly, but also the noninvestors in the workforce and out of it, impacted severely by an unstable world and domestic market.

The month of June 2k10 will find rW attempting to monitor the general pattern of the markets (via MarketWatch and other financial newshorses), monitoring as well as the proposed American legislation to reform and better regulate the American domestic financial industry.  We're not laissez-faire, neither are we anticapitalist as some goudzwaardian reformational folk seem to be.  We're rather centre-goudzwaardian ourselves, but know that the stock markets are integral to the advanced differentiated society we live in, and that sphere sovereignty is conceptually and practically (as a life-practice) prior to the capitalist vs socialist debate so prominent in some corners today.  Let's get out of the corners!

A reformational investors club, anyone?

A Christian labor/labour union, anyone?

A round of beers at the local pub, anyone?, to discuss these pressing concerns that plague us and have us looking over our shoulders to see if the sky is falling.  Don't jump at the start of the next crisis or when your bank fails.  Remember the Federal Deposit Insurance Corporation is there as a safety net (thank God for regulation in that respect at least?).  Yes, we need strong reform and wise regulation of our financial institutions, because everyone, not just investors, are hurt in the purse and wallet when malfeasance spreads in societal spheres mentioned, hurt as well as our bank accounts, when the volatility heats up.  Somebody is making a killing, and somebody is getting killed.

Oh by the way, aside from the semiotics of the cartoon pix, the webcomic satire, the analytics of the situation also appear on MarketWatch today in a synthesis regarding developments by Steve Goldstein, "US stock futures jump on China, Europe, BP jitters" (June1,2k10).

-- EconoMix

Full disclosure:  I own no stocks in any company, my pension is small, and I am to be (ac)counted among the poorer of the sisters and brothers reformational in the h+ly industrialized West.  Not poor from the standpoint of reformationals in Africa and Latin America, for instance.

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