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Frenzied Financials Week 4

Current Events, Finance

1. Ireland, Iceland, France, Germany, Greece, Denmark guarantee all bank accounts
2. Germany bails out Hypo Real Estate
3. Austria guarantees deposits
4. California asks for a $7B bailout
5. Most dividend cuts in 50 years
6. Dow drops 800 points and rallies last minute. Closes below 10000 on Monday.
7. Russian market halt trading after 19% drop
8. Wells Fargo and Citi fight over Wachovia
9. Credit markets completely frozen solid
10. FED cuts effective lending rate 0.75 to 1.25
11. FED starts buying commercial paper
12. Australia cut its key interest rate 100 basis points
13. Iceland faces economic collapse
14. S&P 500 closes below 1000 on Tuesday
15. Massachusetts joins CA in the handout line
16. Jim Cramer says, "Time to get out of the stock market"
17. S&P 500, Dow Post Worst Retreats Since 1937
18. Borrowing falls, 1st time since '98
19. Indonesia halts stock market trading
20. Hong Kong to cut base lending rate by 1% to 2.5
21. Nikkei drops 952 points (9.38%)
22. Fed, BOE, ECB, others cut interest rates
23. Markets close down even with coordinated rate cut on Wed
24. Russian markets closed
25. The Fed is Bankrupt
26. Short Selling Ban Expires Wed night
26. Dow industrials fall 675 points, closes below 9,000 on Thursday
27. GM stock falls to 58 year low
28. VIX hits a record 62.76. First time ever over 60.
29. Thai circuit breaker
30. Nikkei closes down 24% for week
31. Dow had intraday low of 7882 on Friday. Rebounds to close down 130.
32. GM and Chrysler look into a merger





Posted: 2008-10-11 16:46:24


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