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Saturday, August 22, 2009

Watch The Stock Market News

By Michael Swanson

For many years, the Wall Street Journal was considered the source for stock market news. Today, however, stock market news can be found in many ways.

While the Wall Street Journal is still published daily, there are many other sources for stock market news. Many of these sources will be more current than the morning newspaper. In addition to the Wall Street Journal, you may find limited stock prices listed in your local or state newspaper.

News on the market can be found on radio and cable television. Many of the news channels will show a ticker of the market several times daily, until they show the final for the day. In addition, you will find shows that are dedicated to money and market news.

For the quickest news on the stock exchange, however, one has to turn no further than the internet. Prices of stocks are known immediately around the world with the advent of the World Wide Web. In addition, we can know what is happening in many of the world markets almost as soon as they happen.

Perhaps you think the market does not affect you. Think again. The prices in the market will determine your cost of living. If you have money tied up in a 401K or an IRA, chances are that your money is directly tied to the stock market. The growth of those funds only happens when the market is increasing.

Persons losing their jobs due to the current economic conditions have learned this lesson the hard way. Since they no longer work for the company, they must cash our or roll over their 401k. A retirement fund that was at one hundred thousand dollars two years ago may be worth less than seventy thousand dollars today. Money that you had deducted from your checking account was invested in a mutual fund. This fund buys shares of different stocks to invest your money.

Knowing stock market news lets you keep an eye on your investments. - 23223

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