here we are
This is the part where the Enterprise is bashing through the asteroid belt with its shields on full forward, and everyone (including the camera operator) is sloshing around the ship and grabbing the panels. This is not the exploded Enterprise.
Since the Great Depression era, we've had panicky periods of selling, but no labeled "Financial Panics". Panic, psychologically, connotes a loss of orientation and an overwhelming sense of anxiety, just as Depression connotes hopelessness and an overwhelming sense of loss.
Over half of listed stocks have made 52-week lows in May, 1970 and October, 1987, and Wednesday. Central banks around the world finally gave up their inflation concerns and made a 50 basis point coordinated interest rate cut after investors across Asia and Europe unleashed waves of sell orders onto already depressed stock exchanges. We all knew there would eventually come a day when even emergency rate cuts by the Fed wouldn't help the market. Wednesday was that day. The VIX (volatility index) hit an intraday record high as the combined rate cuts failed to reassure investors. Deflation is an increasing risk.
Blog of sad guys on trading floors.
People don't recover from panic until they feel security; they don't recover from depression until they perceive hope.
Since the Great Depression era, we've had panicky periods of selling, but no labeled "Financial Panics". Panic, psychologically, connotes a loss of orientation and an overwhelming sense of anxiety, just as Depression connotes hopelessness and an overwhelming sense of loss.
Over half of listed stocks have made 52-week lows in May, 1970 and October, 1987, and Wednesday. Central banks around the world finally gave up their inflation concerns and made a 50 basis point coordinated interest rate cut after investors across Asia and Europe unleashed waves of sell orders onto already depressed stock exchanges. We all knew there would eventually come a day when even emergency rate cuts by the Fed wouldn't help the market. Wednesday was that day. The VIX (volatility index) hit an intraday record high as the combined rate cuts failed to reassure investors. Deflation is an increasing risk.
Blog of sad guys on trading floors.
People don't recover from panic until they feel security; they don't recover from depression until they perceive hope.