The last trading day of 2008 on Wall Street provided a finality to a terrible year. We haven't seen an Wall St Crash like this — the worst since the Great Depression, wiping out over $6.9 trillion in stock market wealth. Six years of stock gains disappeared as the economy crumbled and markets crashed around the globe, shaking the confidence of professional and individual investors alike. So what is going to happen this year. Will Obama have an effect? How about government bailouts in general. Everyone on the street is sitting on the edge of their chair.
Tags: 2008 stock market crash, great depression
Wall Street hopeful about 2009 to provide relief after real bad 2008
January 1, 2009 By Leave a Comment
Stock Market Crashes – Five Stock Market Downturns Since 1929
November 19, 2008 By Leave a Comment
For many people, the Financial Crisis of 2008 is the first they’ve experienced. DBKP takes a look at five stock market crashes of the last 80 years and what happened.
Tags: 2008 stock market crash, stock market crash
The Great Depression of 2008 Not quite yet
November 15, 2008 By Leave a Comment
NEW YORK: There’s something about hundreds of billions of dollars vanishing overnight that begs a comparison to the 1929 market crash and the Great Depression. Almost — but not yet. It still has to get worse.
Tags: 2008 stock market crash, great depression, market crash
Is there still a real Wall Street Crash to come?
October 1, 2008 By Leave a Comment
The Dow Jones last hit bottom at 7,000 points in 2003 and it is not unreasonable in current economic circumstances – which are surely very much worse than 2003 – to expect at least a return to those levels.
Tags: 2008 stock market crash, wall street crash
Wall Street Crash 2008
September 16, 2008 By Leave a Comment
Perhaps the Great Depression of 1929 could be repeating itself, but this time unfortunately the world economy seems far more reliant on each other and countries are far more intertwined these days.
Tags: 2008 stock market crash, great depression