Roll Coaster Ride of Global Equity Market from 21st to 25th Jan 2008

Posted on January 26, 2008
Filed Under Equity Market |

What a teeth-biting volatile week in the global equity market. At the start of the week, global stock market went into a free fall like there was no tomorrow. To prevent the US equity market following the footpath of its other counterpart, Federal Reserve slashed its key interest rate by three-quarters of a percentage point to 3.5% on Tuesday before market opened. It was the biggest rate cut by the Fed since October 1984.

That unscheduled moved saved the world and limit the damage caused in global equity market. By the end of the week, the DOW gained 0.9 per cent and the S&P 500 advanced 0.4 per cent, while the NASDAQ slipped 0.6 per cent. This similarity was also shared by other stock market.

Nevertheless, early of the week free fall was enough to create havoc for many traders, both home-based and professional.

The below video that I stumbled upon shown a poor young home-based trader lost US$40,000 in just 2 days on holding a equity future market position over the weekend. On Monday market opened, the market crashed and all of a sudden his account was axed by 80% within minutes. This original video was filmed as he was watching his account drop in real time like the world was ending. I must warned you in advance that this video is not for the weak heart, the noise level is of poor quality, and most importantly, its vulgarity with lots of “Fxxx” words.

Stock Futures Trader Having Rough Day - Watch more free videos

You must be thinking that was bad, right? That young trader lost was nothing if you placed him alongside the now very famous Societe Generale SA trader, Mr Jerome Kerviel. His bets on stock index futures caused a Euro 4.9 billion (US$7.2 billion) trading loss, the largest in banking history. It was also the world’s largest loss by a single man ever! A feat in history that others may take years to surpass, or maybe not….?

With all the market volatility over for the weekend, it may be time to relax a little with this video. You may have seemed this video before, I watched it years ago but I still like it. The “robot” dancers with their absolutely amazing moves is so freaking cool.

Cheers, Kampai, Proscht^^!!

Comments

5 Responses to “Roll Coaster Ride of Global Equity Market from 21st to 25th Jan 2008”

clint on January 26th, 2008 5:14 pm

nice blog i read some post.
deepti on January 26th, 2008 5:16 pm

I was very much interested in investing in stocks but recent downfall of market has scared me. Nice blog
deepti
Franklin on January 27th, 2008 12:10 am

Very nice blog. Great layout, easy to read. Nice mix of videos too. Also some humor with the video of the guy singing if his nose was blowing money
Kim on January 30th, 2008 4:26 pm

Nice blog. Lots of info here that is quite interesting.
Fitness Diva on February 1st, 2008 5:52 pm

Hey, Joon, love the blog. You’re piquing my interest of maybe getting back into the stock market. Haven’t traded in about 4 years. I know that this is a crazy time to do it, but when isn’t?

Take care
Fitness Diva