But what I have noticed is that THE most powerful influence on the stock market is actually YOU and I....ordinary small time investors who either decide to stick with it or jump ship and sell when the going gets tough. The "crashes" that so many investors fear and loathe are created by US.....not some mysterious entity.
Stock market crashes occur when the majority of folks give in to fear and try to all sell their shares at the same time, thus driving the stock prices down to next to nothing.
So, in a quick summary, what can you and I do to prevent another stock market crash? Don't panic!!!
Stay in the market for the long haul. Don't be reactionary and pull your money out when you see some doom and gloom on the news channels. Stewart your money with intelligence and prayer and accurate and up to date information.....just don't be hasty to abandon ship during rolling waves. Prices will always go up and down.
And yes, finally, yes oil prices will come back up in North America....it won't be overnight...but it will come to pass. Just wait and see.