Saturday, 17 September 2016 () 8 years ago, Lehman's bankruptcy exposed the reality of the global financial system and equity markets collapsed. While the events of that weekend are still in many memories, *we suspect few remember the events of September 16th 1929...*
As S&P's chief investment strategist, David M. Blitzer explains, *On September 16th 1929, The Standard & Poors 500-stock index (calculated retroactively) hits 31.86, its peak for the Roaring Twenties bull market.*
It does not close above that level until September 22, 1954.
*When you hear that stocks always outperform in the long run, do you realize how long long can be?*
Monday has been a rough day for the world’s financial markets amid fears that the US central bank – the Federal Reserve – could raise interest rates again as early as next week at the policymakers meeting on September 20/21.
Share price indexes in Europe have tumbled by the most since just...