Wall Street’s Wild Week

February 12, 2018 at 5:15 am Leave a comment

Are we in a bull or a bear market? It’s hard to tell.

Last week was a roller coaster ride for Wall Street, to put it mildly. The Dow Jones opened the week down over 1,100 points on Monday for the single largest one-day drop by raw points, though certainly not by overall percentage. This freefall followed another precipitous drop the previous Friday of over 650 points. On Tuesday, the Dow rebounded by 568 points. But this was followed by another mammoth drop of over 1,000 points on Thursday.

Though the financial ride over these past several days has been bumpy, most economists believe the fundamentals of our economy remain strong. This has not stopped investors from being jittery, however. These kinds of swings are simply too disorienting not to have an effect on investor confidence.

After a financially tense week like this one, it is worth it for those of us who are Christians to remind ourselves of what a proper perspective on money looks like.

On the one hand, we are called, as Christians, to be stewards of money. This means we can earn money, save money, invest money, and, of course, share money! As people who steward money, financial news should be of interest to us. Having at least a passing awareness of what is happening in the stock market, the commodities market, the derivatives market, the futures market, and the many other types of financial markets can help us steward whatever resources God has given us as best as we possibly can.

On the other hand, we are also called, as Christians, not to put our hope in money. For when we put our hope in money, we don’t just manage it wisely; we look to it for our security, our identity, and our future. When we put our hope in money, all it takes is a slide in the stock market for our hope to be shattered and our joy to be sapped. When we put our hope in money, we are putting our hope in something that is volatile instead of in Someone who is solid.

To steward money means we think about the future of our money. To hope in money means we think about our money as the future. But as this latest stock market roller coaster ride has reminded us, hope that is placed in money is no real hope at all. Money can be earned and lost. Investments can rise and fall. Financial futures can soar and sag. Hope that is placed in money will always be a hope that eventually falters. This is why hope does not belong in money. Hope belongs in Jesus. After all, the return on His investment is far better than the return on our investments of a few dividends. The return on His investment of blood is our salvation.

Try finding that payout anywhere else.

You know that it was not with perishable things such as silver or gold that you were redeemed from the empty way of life handed down to you from your ancestors, but with the precious blood of Christ, a lamb without blemish or defect.
(1 Peter 1:18-19)