On Monday, September 29, 2008, it was panic and stocks meltdown at Wall Street, sending the Dow industrials down 777 points to their worst point drop on record, as the U.S. House of Representatives rejected a $700 billion financial-sector bailout plan, intensifying fear about frozen world credit markets and the outlook for the global economy.
Investors [...]

Popularity: 36% [?]

The random walk hypothesis is a financial theory first identified by French economist Louis Bachelier (1870-1946) from the study of the French commodity markets. Random walk hypothesis asserts that the commodity or stock market prices evolve according to a random walk and thus cannot reveal trends and therefore current prices are no guide to future [...]

Popularity: 43% [?]

On Friday, September 26, 2008, U.S. stocks rose for a second day but for the week the major US Indices tumbled as uncertainty lingered over the Congressional $700B bailout package and the US largest bank failure fueled fears that more institutions are close to collapse.
The S&P 500 and NASDAQ Composite shed more than 3% for [...]

Popularity: 24% [?]