Filed in archive
markets
by leon on November 21, 2008

1997 was the year Tony Blair was appointed Prime Minister of Britain, it was the year Diana Princess of Wales was killed in a car crash. And Bill Clinton was riding high.
US stocks and the Standard & Poor's 500 Index have collapsed, plunging to the lowest level since 1997. Bloomberg says the collapse comes as writedowns and credit losses stemming from the collapse of the subprime mortgage market reaches $965 billion. And it's growing.
The market is responding to data like the Conference Board index which shows the US economy is deterioriating and jobless benefits claims reaching their highest level in 16 years.
One thing for sure with data like this: things are getting worse.
Permalink: US market: it's back to 1997
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/138375
Mr Wong
Vote for US market: it's back to 1997:
|
Rating: 9.25 out of 4 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS | See all blog subscribe options |
|
What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |















