Day Six

I've pretty much accepted that, with 16 hours of competition remaining, I'll finish in the bottom half of the Market Watch rankings. When I realized this in third period Study hall/Physics, I thought I might as well just do the thing right and spend my remaining $54,000. Given the short-term and hypothetical nature of our competition, I decided to invest all my money in Ford. Despite the split-second nature of this decision, it was not made without logical reasoning. As my family's TV blared news all Memorial Day Weekend, I picked up on a few predictions for the market's opening today. Analysts expressed optimism in for as, like I noted in my precious post, Moody's has raised their rating. I considered one of the most basic laws of demand we learned early in microeconomics- that optimism in a product increases demand. I applied this theory to Ford, and do determined that the value of its stock would likely increase significantly. In retrospective, this wasn't one of my best ideas. While I did make a fair amount of money, it wasn't that significant and now I'm broke and still in sixth place.