Saturday, May 8, 2010

Confidence in markets

This past week was a ride in the markets

Regulators, exchanges and trading firms are still trying to get to the bottom of what caused Thursday's freefall and how it managed to rebound. In the meantime, the biggest U.S. stock exchanges traded barbs, each alleging that the other's market model contributed to the chaos. NYSE Euronext said that about 4,000 trades were broken on Thursday after being identified as clearly erroneous as per exchange rules.

How do you as a small entrepreneur handle the ride? Clearly you have no control over the events and it does impact your business?

Keep calm and carry on!