Why hasn't the stock market crashed?
Discussion
Now I'm completely happy with the difference between stars and planets I need this one clearing up before the weekend.
If it's really as bad as people on here are suggesting, our currency is soon to be worthless, and within four months we'll be killing each other for the few scraps of food that we can produce in this country, why hasn't the stock market crashed?
Or any other market around the world for that matter?
Billions of dollars have been wiped of assets worldwide, but nothing like the crash which preceeded the depression of the 1930s.
If it's really as bad as people on here are suggesting, our currency is soon to be worthless, and within four months we'll be killing each other for the few scraps of food that we can produce in this country, why hasn't the stock market crashed?
Or any other market around the world for that matter?
Billions of dollars have been wiped of assets worldwide, but nothing like the crash which preceeded the depression of the 1930s.
t at the minute but everyones in the same boat.
People aren't pulling their money out of the stock market in huge quantities because at the moment there's not really anywhere else to put it. shirt said:
hasn't crashed? does a 2000+ point fall not constitute as such ???
Yes but that 2000 point fall happened nearly 6 months ago. Despite months of doom and gloom since, markets have been broadly stable (albeit with daily volatility).Have a look at retailers' shares in the last 6 months - doom, gloom, recession, failures, bankruptcies, redundancies in the media. The shares are broadly up.
Edited by ipitythefool on Friday 30th January 11:25
MaxAndRuby said:
Now I'm completely happy with the difference between stars and planets I need this one clearing up before the weekend.
If it's really as bad as people on here are suggesting, our currency is soon to be worthless, and within four months we'll be killing each other for the few scraps of food that we can produce in this country, why hasn't the stock market crashed?
Or any other market around the world for that matter?
Billions of dollars have been wiped of assets worldwide, but nothing like the crash which preceeded the depression of the 1930s.
the dow and s&p are off by more than 40% from late 2007 highsIf it's really as bad as people on here are suggesting, our currency is soon to be worthless, and within four months we'll be killing each other for the few scraps of food that we can produce in this country, why hasn't the stock market crashed?
Or any other market around the world for that matter?
Billions of dollars have been wiped of assets worldwide, but nothing like the crash which preceeded the depression of the 1930s.
Admittedly the last month or so has not had the stock market drama we had in October/November but it is still a lot of value to lose in a little over a year.The fall after the 1929 peak took some time to fully unfold
Well if you compare 2008 with 1929, the Dow Jones saw a fall from 381 in September 1929 to 198 in November. This is harder and faster than the FTSE which fell from 6376 in May to 3780 in November, but I suspect you'll find many that will claim this does indeed constitute a 'crash'. It took the Dow another three years to reach its lowest point of 89 in 1932, so I'd say we've got a while to wait yet before we can directly compare the two.
I'm no expert on economics so wouldn't like to comment on the broader climate but one key difference between 1929 and now is that economies are far more global than they were, so in a sense there is a much greater buffer to absorb losses and prop up any given country.
ETA WHS...must type faster
I'm no expert on economics so wouldn't like to comment on the broader climate but one key difference between 1929 and now is that economies are far more global than they were, so in a sense there is a much greater buffer to absorb losses and prop up any given country.
ETA WHS...must type faster
Edited by deckster on Friday 30th January 11:33
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