The impact of September 11 on the stock market. The chaos and fear caused by the terrorist attack in 2001 September 11th, resulted in panic selling and disastrous fluctuation in the market value of the NYSE market. The day after the September attack resulted in 684 falls in points which set the record for the greatest loss ever in the history of exchange for one day. Paul Mampilly also explains that some of the sectors flourished as a result of the attack. The likes of technology companies and weaponry contractors recorded an increase in the value of their shares as the government prepared for war on terror. The strength of the economy of the United States is marvelous because it only took a month for the Dow Jones and NASDAQ to regain its original price levels.
The prediction by some of stock exchange analyst is that the stock market is set to fall by almost 50%. Paul Mampilly explains that the media has got it all wrong compared to what economic research shows. He explains that this news is false and also believes that the market will soar to new levels in the other half of the year. Paul Mampilly has gathered four different types of charts on revenue, debts, and the housing sector which show the difference between the people’s opinions and the reality. Paul Mampilly advises investors that this is the best time to invest in stock because the panic is over and the market is expected to rise.
A 30-year-old becomes a Bitcoin millionaire
She is not well known but her name is Erica Stanford who recently became a Bitcoin millionaire. She started investing in cryptocurrencies in 2017 and she started at $2600 and in a few months, she had made $3900. Paul Mampilly explains it is not a rare story considering the high gains recorded in the cryptocurrency sector towards the end of 2017. Stanford quit her marketing job in order to fully undertake cryptocurrency exchange which was considered a rash move by her manager and father. Paul highlights on the importance to pay attention to millennial trends, a recent survey conducted revealed that almost 50% of the millennials are comfortable with switching to cryptocurrency as their basic currency.