This is October 3 2008.
Record jobless rate numbers has come out and the stimulus will be passed soon.
The stock market taken a beating but hasn't bottomed yet and the gold shock has passed.
Gold will take off and the markets will go sideways and down for a while longer.
Record jobless rate numbers has come out and the stimulus will be passed soon.
The stock market taken a beating but hasn't bottomed yet and the gold shock has passed.
Gold will take off and the markets will go sideways and down for a while longer.
Comment:
docs.google.com/spre...mk1H3asensiKXl0/edit Thanks to Travis Devitt
Comment:
2008-09-15 -4.71% Lehman files for bankruptcy
2008-09-16 1.75%
2008-09-17 -4.71% fears over solvency of banks following AIG rescue loans
2008-09-18 4.33% reports of government involvement to deal with bad loans in financial system (TARP); central banks inject liquidity into money markets
2008-09-19 4.03% short selling ban on 800 financial stocks initiated
2008-09-22 -3.82% oil prices rose sharply; investors began to dig into more details of proposed govt bailout packages (TARP etc)
2008-09-23 -1.56%
2008-09-24 -0.20%
2008-09-25 1.97%
2008-09-26 0.34%
2008-09-29 -8.81% TARP vote fails
2008-09-30 5.42% FDIC says it wants to increase deposit insurance levels; Congress looks more likely to pass stimulus
2008-10-01 -0.45%
2008-10-02 -4.03% jobless claims soar to 7 year high; fear that stimulus bill won't pass; credit spreads at multi-week highs
2008-10-03 -1.35% TARP signed into law
2008-10-06 -3.85% fear over recession / depression; credit spreads still widening;
2008-10-07 -5.74% Bernanke speech about worsening economic outlook; rumors that MUFJ would back out of Morgan Stanley deal
2008-10-08 -1.13%
2008-10-09 -7.62% shortselling ban lifted; S&P put Ford and GM on credit watch; AIG reports taking Fed loan
2008-10-10 -1.18%
2008-10-13 11.58% Fed outlines further stimulus & bailout measures incl. buying credit & equity assets, measures to help delinquent borrowers stay in their homes
2008-10-14 -0.53%
2008-10-15 -9.03% bad retail sales & manufacturing data spooks market
2008-10-16 4.25% stocks near multiyear lows, bounce off support
2008-10-17 -0.62%
2008-10-20 4.77% second economic stimulus package suggested by Bernanke; improvement in lending rates suggests credit stress easing
2008-10-21 -3.08% weak earnings news
2008-10-22 -6.10% weak earnings news and forecasts weigh on market (especially in banking sector)
2008-10-23 1.26%
2008-10-24 -3.45% large drop in Asian markets; futures limit down; fears of recession; significant slide in oil prices; TED spread and LIBOR rates worsened slightly
2008-10-27 -3.18% fears of recession
2008-09-16 1.75%
2008-09-17 -4.71% fears over solvency of banks following AIG rescue loans
2008-09-18 4.33% reports of government involvement to deal with bad loans in financial system (TARP); central banks inject liquidity into money markets
2008-09-19 4.03% short selling ban on 800 financial stocks initiated
2008-09-22 -3.82% oil prices rose sharply; investors began to dig into more details of proposed govt bailout packages (TARP etc)
2008-09-23 -1.56%
2008-09-24 -0.20%
2008-09-25 1.97%
2008-09-26 0.34%
2008-09-29 -8.81% TARP vote fails
2008-09-30 5.42% FDIC says it wants to increase deposit insurance levels; Congress looks more likely to pass stimulus
2008-10-01 -0.45%
2008-10-02 -4.03% jobless claims soar to 7 year high; fear that stimulus bill won't pass; credit spreads at multi-week highs
2008-10-03 -1.35% TARP signed into law
2008-10-06 -3.85% fear over recession / depression; credit spreads still widening;
2008-10-07 -5.74% Bernanke speech about worsening economic outlook; rumors that MUFJ would back out of Morgan Stanley deal
2008-10-08 -1.13%
2008-10-09 -7.62% shortselling ban lifted; S&P put Ford and GM on credit watch; AIG reports taking Fed loan
2008-10-10 -1.18%
2008-10-13 11.58% Fed outlines further stimulus & bailout measures incl. buying credit & equity assets, measures to help delinquent borrowers stay in their homes
2008-10-14 -0.53%
2008-10-15 -9.03% bad retail sales & manufacturing data spooks market
2008-10-16 4.25% stocks near multiyear lows, bounce off support
2008-10-17 -0.62%
2008-10-20 4.77% second economic stimulus package suggested by Bernanke; improvement in lending rates suggests credit stress easing
2008-10-21 -3.08% weak earnings news
2008-10-22 -6.10% weak earnings news and forecasts weigh on market (especially in banking sector)
2008-10-23 1.26%
2008-10-24 -3.45% large drop in Asian markets; futures limit down; fears of recession; significant slide in oil prices; TED spread and LIBOR rates worsened slightly
2008-10-27 -3.18% fears of recession