The document summarizes the beginnings of a new financial crisis. Wall Street and the government were fighting over money as easy credit led to risky behavior and losses. A new virus of greed caused bankruptcies and a credit crisis out of thin air, signaling the bad guys had won again as markets declined and losses mounted. The crisis will likely take time to unfold as the implications emerge.
6. World Markets
Nikkei 225 8,737.66 -55.46 (-0.63%)
Hang Seng Index 19,866.63 -46.19 (-0.23%)
TSEC 7,610.57 +62.20 (0.82%)
FTSE 100 5,214.65 -125.73 (-2.35%)
EURO STOXX 50 2,073.67 -89.73 (-4.15%)
CAC 40 2,974.59 -111.24 (-3.60%)
S&P TSX 12,387.54 -296.42 (-2.34%)
S&P/ASX 200 4,194.70 +6.70 (0.16%)
7. The new virus called greed hit again
We saw a new wave of
bankruptcies
A credit crisis appearing out of
thin air
A new financial crisis as money
markets are very closely
interrelated.
The bad guys had won once
again.
9. So watch the market closely
• Watch the money
news
• Stay connected with
reality
• Be well informed.
• This crisis will most
probably take many
time, because so
many money was
lost.
• The implications are
only now appearing.
• Be conservative.
Risk is good only if
you can control it.