Hey everyone.

So if you have been following the stock market, or even just the daily news, you have undoubtedly heard some talk about whats been happening the last few weeks. After a few years of a steady increase in the value of the stock market, their has been a significant dip for the first time since 2008. One of the first days we saw a big dip was a few weeks ago when China decided to devalue its own currency. The US stock market reacted immediately, dropping a few percent in one day. The reason this is generally not good news is because it really hurts US companies, or any company from any other country other than China. US companies that make money in China must convert that money back into US dollars, and when the value of Chinese currency goes down it takes more of it to make 1 US dollar, lowering revenue and profits.

Because of that, the stock of US companies is devalued, and people start selling. Well it happened so fast that even after the stocks may have lost value equal to the lost profits, the momentum of people selling along with the amount of attention it was getting just kept it going down. This had some people extremely scared, while others had predicted a correction coming for awhile now. Since the initial drop, the market has been fluctuating quite a bit and has yet to settle back down. For those who have a lot of money in the market, this is a very stressful time indeed.

Later this week I will talk a bit more about the stock market and some of my first experiences with it!