FT.com / In depth - Wall Street in biggest fall since 1987 crash

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Morgan Stanley

ft.com - 10/9/2008

FT.com / In depth - Wall Street in biggest fall since 1987 crash

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Global financial crisis Wall Street in biggest fall since 1987 crash By Krishna Guha in Washington, Bertrand Benoit in Berlin, Ben Hall in Paris and David Oakley in London Published: October 9 2008 21:39 | Last updated: October 10 2008 03:28 The US stock market suffered its largest loss ...

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macroblog: How high is financial risk today?

FT Alphaville: Wall Street in sharpest fall since 1987 crash

canadiancapitalist.com - 10/4/2008

Why Bailout Wall Street?

— canadiancapitalist.com — There is a lot of public anger on the $700 billion dollar bailout that is being proposed by the Bush Administration. The typical reaction is why bail out well-paid fat cats on Wall Street, who are responsible for the current mess anyway. While it is ... (more) Why Bailout Wall Street?

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bespokeinvest.typepad.com - 10/16/2008

Another Day, Another Crash

— bespokeinvest.typepad.com — Out of nowhere, we had another stock market crash today, as the S&P; 500 fell 9.06% for its biggest decline of the current bear market. As shown in the table below, the index had its 8th worst decline ever today going back to 1927. Less than three ... (more) Another Day, Another Crash

Comments vote down Abnormal Returns found this 10/16/2008found this

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How high is financial risk today?
macroblog — ... How High is Financial Risk Today? On a day as brutal as today, it is hard to find any port to hide from the storm. Maybe that is exactly the time for some perspective. At Businomics Blog, Bill Conerly does his best (hat tip, Mark Thoma), making a point that I have heard repeated more than a few times: Taken from the long view, many measures of risk that we take as symptomatic of extreme market stress are not entirely without historical precedent. Dr. Conerly uses this graph of the “TED spread”—the 3-month Libor rate minus the ...

Wall Street in sharpest fall since 1987 crash
FT Alphaville — The US stock market suffered its largest loss since the crash of 1987 on Thursday amid panic over General Motors, Morgan Stanley and several big insurance companies. The market collapse heightened speculation that the US would unveil a bank recapitalisation plan in the coming days. Share prices, which had opened higher, plunged in a catastrophic final hour of frenzied trading, with the S&P 500 index plunging 7.6%, while the Dow lost 7.3% to 8,579.19 - below 9,000 for the first time since 2003. The S&P is now down 42% from its all-time high a year ago. President George W. Bush ...