Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Is the Financial Crisis Ending?

Discussions about the economic and financial ramifications of PEAK OIL

Re: Is the Financial Crisis Ending?

Unread postby Cloud9 » Tue 14 Oct 2008, 06:41:21

Somebody said yesterday's gains were the largest gains in one day since 1933. Makes me feel warm all over. Nothing's changed people are still broke and out of work.
User avatar
Cloud9
Intermediate Crude
Intermediate Crude
 
Posts: 2961
Joined: Wed 26 Jul 2006, 03:00:00

Re: Is the Financial Crisis Ending?

Unread postby Gebari » Tue 14 Oct 2008, 11:31:03

Here's an interesting fact I saw on TOD - of the 10 biggest gains in Dow history, 5 came in the period Sept. 3, 1929 to July 8, 1932, a period in which the Dow lost 89% of it's value:

Oct. 6, 1931: Up 14.87% (2nd highest)
Oct 30, 1929: Up 12.34% (3rd highest)
Feb 11, 1932 UP 9.47% (8th)
Nov 14, 1929 Up 9.36% (9th)
Dec 18, 1931 Up 9.35% (10th)

This compares to yesterday's percentage gain of 11.08%, which is 5th highest of all time.
The history book on the shelf, is always repeating itself.
User avatar
Gebari
Peat
Peat
 
Posts: 80
Joined: Sun 29 Jun 2008, 03:00:00
Location: Great Britan

Previous

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 1 guest

cron