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On This Day In Financial History

Zero Hedge Saturday, 17 September 2016 ()
On This Day In Financial History8 years ago, Lehman's bankruptcy exposed the reality of the global financial system and equity markets collapsed. While the events of that weekend are still in many memories, *we suspect few remember the events of September 16th 1929...*

As S&P's chief investment strategist, David M. Blitzer explains, *On September 16th 1929, The Standard & Poors 500-stock index (calculated retroactively) hits 31.86, its peak for the Roaring Twenties bull market.*

It does not close above that level until September 22, 1954.

*When you hear that stocks always outperform in the long run, do you realize how long long can be?*

h/t Jason Zweig*
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Source: euronews (in English) - < > Embed

News video: Financial markets tumble on worries on US rate hike timing

Financial markets tumble on worries on US rate hike timing 00:50

Monday has been a rough day for the world’s financial markets amid fears that the US central bank – the Federal Reserve – could raise interest rates again as early as next week at the policymakers meeting on September 20/21. Share price indexes in Europe have tumbled by the most since just...

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