Wall Street tumbled after the collapsed of Lehman Brothers Inc
It was a trading session on 16 September 2008. Dow Jones Industrial Average Index, DJI was seen deeply in red along side with its comtemporary like Nasdaq, S&P 500 and so on. Global markets were thrown in a state of panic as DJI was seen dropped by 504.48 points or 4.42 percent during the end of the trading session.
Investors were convinced that we are all going for a economic downturn as Lehman Brothers Inc filed for bankruptcy. This caused extremely jitters as many are speculating that there will be more companies collapsing following Lehman Brothers Inc.
It is very obvious that investors are pulling out their money and put it somewhere safer like T-bills and bonds. This fall by 504.48 points of DJI was the single largest fall since the trading day after September 11 year 2001 (911) attack by terrorist.
Asia markets will be seen with shortist selling all over the place and investors pulling out from even blue chips.
The above are of personal opinion and not at all an inducement to trade.
Tags: 911 , Lehman Brothers Inc , Lehman , File Bankruptcy , Section 20 , SEC , Stanley Morgan , AIG , General Money , GE
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