Saturday, May 21, 2016

It was another strange week on Wall Street

history channel documentary 2015 "The Dow is a dead banana republic tyrant in full military uniform propped up in the château window with a mechanical lever moving the body's arm, waving to the Wall Street swarm. - Michael Bolser, Le Metropole Cafe1

It was another strange week on Wall Street. The week prior to the November 4 decisions, the Dow Jones Industrial Average rose a thousand focuses while the economy kept on sinking into its most exceedingly awful money related emergency since the Great Depression. The vast majority of this stellar ascension happened on Tuesday, October 28, when the Dow climbed about 900 focuses, making it the biggest one-day securities exchange ascend following the Great Depression. The ascension was particularly astounding in that it happened in simply the most recent two hours of exchanging, on no especially uplifting news. Observers ascribed it to a desire of a half point loan cost cut by the Fed the next day, yet the probability of a rate cut was not new news two hours before shutting, and past rate cuts have not evoked that kind of sensational reaction. At the point when the cut was really reported, the business sector yawned and continued to drop.

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