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It dropped from over 21,000 points in January 2008 to below 8,000 points in October 2008. [147] October 8, 2008: The Indonesian stock market halted trading after a 10% drop in one day. [148] Global central banks held emergency meetings and coordinated interest rate cuts before the US stock markets opened. [149]
2008 stock market downturn: Stock markets around the world plunge amid growing fears of a U.S. recession, fueled by the 2007 subprime mortgage financial crisis. (thisislondon.co.uk) [permanent dead link ] North American Markets: U.S. markets are closed for Martin Luther King Jr. Day.
Politics and elections George W. Bush delivers his final State of the Union Address as President of the United States. (The Los Angeles Times) January 29, 2008 (2008-01-29) (Tuesday) edit history watch 20 civilians including 11 children die and 14 are wounded after a mine explodes targeting a school bus in Madhu, Sri Lanka. (Sunday Times) Iran's judiciary sentences 54 BaháΚΌí religion ...
This famed US market expert warns of 'a bigger crash' than 2008 — sees the Nasdaq plunging a staggering 92%. ... Commercial real estate has beaten the stock market for 25 years — but only the ...
US credit card debt has spiraled to a staggering $870 billion, a new record. The debt pile is going to be of significant concern to fiscal hawks who will be particularly concerned by the fact that ...
On October 8, the Indonesian stock market halted trading, after a 10% drop in one day. The Times of London reported that the meltdown was being called the Crash of 2008, and older traders were comparing it with Black Monday in 1987. The fall that week of 21% compared to a 28.3% fall 21 years earlier, but some traders were saying it was worse.
Alamy Five years ago this month, the U.S. financial system began a downward spiral that would bring it to the brink of collapse. Stock markets plunged as the bankruptcy of Lehman Brothers and the ...
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...