Beware: all the major stock market crashes of the last century have occurred in October. The 1929 crash occurred on Tuesday, the 29th. The 1987 crash was on Monday, the 19th – a 20 percent one-day drop or, in technical terms, a 12-standard deviation event. (Theoretically, or so the risk models tell us, that was about as probable as being crushed by a whale falling out of the sky[i]). Then the Credit Crunch was precipitated by the collapse of Lehman Brothers on 15 September 2008: but the stock market melt-down played out over the course of October, when it seemed the entire global financial system might go to smash…
by Evil Knievil| Evil Diaries| 1 mins. to read Pensions administration review: as most readers know the old age pension paid out by the state has a fundamental problem which is that there is a decreasing fund out of which to pay it. Accordingly, HM Government takes the view that since there is no point in leaving citizens to save for their old age (they will not) it is necessary for the state to syphon off the necessary with as little squawking on the part of those affected as possible.
by David Jones| Trading| 1 mins. to read One of the appeals – and drawbacks – to technical analysis for some are the many, many ways of analysing historical data on a chart. Before home computers and sophisticated investing software, many charts were either in paper format or on dedicated terminals.
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