Book extract: The Fearful Rise of Markets
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  Book extract: The Fearful Rise of Markets
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phk
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« on: May 21, 2010, 07:00:29 PM »

It was early in March 2007 that I realised that two of the world’s markets held each other in a tight and deadly embrace.

A week earlier, global stock markets had suffered the “Shanghai Surprise”, when a 9 per cent fall on the Shanghai stock exchange led to a day of global turmoil. That afternoon on Wall Street, the Dow Jones Industrial Average dropped by 2 per cent in a matter of seconds. A long era of unnatural calm for markets was over.

http://www.ft.com/cms/s/2/6d6ad426-63ac-11df-a32b-00144feab49a.html
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HoffmanJohn
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« Reply #1 on: May 22, 2010, 01:08:23 PM »

good read.
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