It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Has the volatility this week provided nightmares and flashbacks of the Fall in 2008? It may not just be your imagination.
This week saw immense point swings, with the Dow posting 2 of its biggest point gains ever (10th biggest on Tuesday and 11th largest on Thursday) and 2 of its worst point declines ever (6th worst on Monday and 9th worst on Wednesday).
The rollercoaster week isn’t unprecedented though. Remember this week’s twin sister? That’s the week of September 15, 2008, the week of Lehman Brothers’ bankruptcy, when the Dow saw 4 point moves of over 350 points.
... Does anyone know if the current volatility has also coincided with huge problems with any banks? I know the Bank of America has been making some headlines in the news in recent days. Just wondering if there is possible connection between the volatility this past week and another soon-to-be bankrupt bank. ...