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This Day In Market History: Black Tuesday
Thursday, October 29, 2020 - 5:45am | 346Read More...Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On Oct. 29, 1929, the Dow crashed, catalyzing the start of the Great Depression among industrialized nations. Where Was The Market: The Dow Jones Industrial Average fell 11.73% to...
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This Day In Market History: Dow Hits Great Depression Low
Wednesday, July 8, 2020 - 10:50am | 259Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1932, the Dow Jones Industrial Average hit its lowest point of the Great Depression. Where The Market Was: The Dow reached 41.22, and the S&P 500 would have traded...
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JPMorgan CEO Jamie Dimon Urges Government and Businesses To Act For Common Good
Wednesday, May 20, 2020 - 6:46am | 527Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon asked that businesses and the government use the ongoing pandemic as an opportunity to build a fairer economy for the common good. The Financial Reality Laid Bare In a staff memo written before the bank’s annual shareholder meeting...
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Highlights From Sam Zell's Bloomberg Interview On Coronavirus Economy: 'Extraordinary Shock'
Wednesday, May 6, 2020 - 10:11am | 449Read More...Sam Zell expects the coronavirus pandemic to have a similar impact on the economy and society as a whole as the Great Depression, the billionaire real estate guru said on a Bloomberg TV interview. Consumer Sentiment 'Permanently Scarred' Most people who lived through the Great Depression...
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Next 45 Days Will Be 'Most Critical Period' For US, Says Alan Lancz Who Predicted 1987 and 2008 Crises
Thursday, April 16, 2020 - 5:08am | 559Read More...According to Alan Lancz, the stock market is at a point of inflection, having recouped some of the losses caused by the coronavirus sell-off in March. Keep An Eye On The Next 45 Days In his newsletter published Wednesday, Lancz commented, “The next 45 days may just become the most critical...
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Bernanke On How Coronavirus Differs From The 2008 Economic Crisis
Wednesday, March 25, 2020 - 10:06am | 496Read More...The 2008 financial crisis was the result of the collapse of the financial system but the coronavirus could have the opposite impact of trickling its way towards the financial system, according to former Fed Chairman Ben Bernanke. Different Type of Financial Crisis The 2008 crisis started with the...
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This Day In Market History: Stocks Begin Crash With Black Thursday
Thursday, October 24, 2019 - 6:00am | 324Read More...Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On Oct. 24, 1929, the Dow Jones plunged 11% to kick off the first U.S. stock market crash. Where Was The Market The S&P 500 was slipping from 27.99 at the start of October to a 20....
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This Day In Market History: Dow 200
Tuesday, December 19, 2017 - 10:22am | 354Read More...Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day 90 years ago, the Dow Jones Industrial Average broke 200 for the first time. Where Was The Market? The S&P 500 finished December 1927 at 17.53. What Else Was...
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The Dow At 20,000: Does It Mean Anything?
Wednesday, December 14, 2016 - 2:25pm | 663Read More...The post-election stock market rally has propelled the Dow Jones Industrial Average to new highs. Tuesday’s intra-day peak of 19,953.75 is just a stone’s throw away from 20,000. But does Dow 20,000 hold any real significance? El-Erian Weighs In Mohamed El-Erian, chief economic...
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Depressing Similarities Between 1938 And The Present
Friday, June 17, 2016 - 7:44am | 362Read More...By the late 1930s, the worst of the Depression had passed after the U.S. President Franklin Roosevelt jolted the economy through the "New Deal," which focused on the "three Rs" — relief, recovery and reform. At the same time, private investment was at poor levels, as individuals chose to pay...
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History Shows Fed Tightening Will Likely Lead To U.S. Recession
Thursday, May 12, 2016 - 12:46pm | 280Read More...In December, the Federal Reserve finally began its first interest rate tightening cycle since the Great Recession. With the timing of the next rate hike now a hot topic of debate among traders, Goldman Sachs analyst Jan Hatzius took a look back at past tightening cycles and how often they resulted...
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Everything You Need To Know About The Stock Market's Current State In 8 Charts
Tuesday, February 3, 2015 - 2:56pm | 608Read More...It's easy for any trader keeping up with the daily moves of certain stocks and watching short-term catalysts to lose sight of the big picture. That’s why it’s important to take a step back from time to time and remember exactly what’s going on from a historical perspective....
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Japan's Improving Economy Shows That Inflation Is No Longer An Enemy
Friday, October 31, 2014 - 11:10am | 1022Read More...Anyone that entered the investing business in 1980 knows that it is very odd to see the central bankers of the world now focused on trying to increase inflation. Back in the day, inflation was the enemy. An enemy Paul Volcker was locked in battle with for years as runaway inflation threatened...
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Why The Fed Is Too Bullish And Tapering Fears Are Overdone
Friday, June 21, 2013 - 10:17am | 1079Read More...From private sector forecasts to the IMF, the Fed sees a rosier economy than most which could mean that tapering fears are overdone and that stimulative policies are going nowhere anytime soon. Markets have plunged in the face of the Federal Reserve's latest statement, in which the Federal Open...
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A History on Financial Crashes and Bubble Bursts: Part 2
Wednesday, February 29, 2012 - 2:18pm | 2983Read More...In part 1 of our 2 part series on financial crashes and bubbles we explored some of the earliest events that occurred prior to the 1900s. In part 2 we will explore more ‘modern’ crashes. Wall Street Crash of 1929 The 1920s was known as the “Roaring...
