Stocks sink on fears about China and growth
On Tuesday, the die for the trading day was cast when China’s Shanghai Composite Index dropped almost 9 percent on fears that the government would crack down on speculation that has driven stock prices there to record highs.
Why do people think they really control anything at all? It’s sad, isn’t it, to watch people be controlled by money and fear… man that’s a deadly combination. Ask the relatives left from the 1929 crash- people literally threw themselves over the cliff because all was lost. Today’s frenzy on Wall Street really showed me what I already suspected- there is something to fear about fear itself. To have one’s life controlled by another continent sounds much like bondage, rather than financial freedom; doesn’t it? Does this image look as though all is well with those who make a living by making money?
What kind of advice can one give here? What is the “moral” of the story? What can you and I learn from this? The need of taking to heart these words in Proverbs 23: 4Labor not to be rich: cease from your own wisdom. 5Will you set your eyes on that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven. Paul wrote to his young prtoege,Timothy, that the love of money, not money, is the root of all evil. He gave him a truism for all – we brought nothing into this world, you will certainly take out with you when you leave. However; I think the vast majority believe just the opposite or they would not try so hard to get it, would they?
If I could have the email of every investor today, who by and through fear, no doubt, lost their shirt, I would send them this one verse of warning- I Timothy 6: 9But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. Jesus was right, you know, when He said those who build their lives on sand-aka money, will be washed away when the storms of life come crashing in. However, lives do not need to perish in the storms of life. The answer? Those who build their lives on the ROCK, aka, Jesus Christ, need not fear what happens in China or their back yard because their lives are hidden in the cleft of the ROCK who is able to weather any storm.
One parting thought- if money is the answer to life problems, why were there so many people today looking as though they have none?
