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发表于 2020-10-3 03:15 PM
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本帖最后由 temujin 于 2020-10-3 03:19 PM 编辑
https://www.usatoday.com/story/m ... assination/3662171/
When it comes to stock market shocks, the assassination of President John F. Kennedy on Nov. 22, 1963, ranks high in Wall Street history.
When news of the assassination spread on television and radio and shock and grief took hold, stock prices took a sharp dive. On the day JFK was shot and killed in Dallas by Lee Harvey Oswald, the benchmark Standard & Poor's 500 plunged 2.8%. A shocked Wall Street shut down the New York Stock Exchange at 2:07 p.m. EST. Friday marks the 50th anniversary of Kennedy's death.
"It was a shock to the market," says Sam Stovall, chief equity strategist at S&P Capital IQ. "There was chaos and total uncertainty, from a political perspective."
Adding to the market downturn: An enormous scandal that broke on Nov. 19, enveloping American Express and several brokerage houses, as loans secured by tanks of salad oil proved to be worthless.
But the negative market reaction was short-lived, as is often the case after scary stock market shocks, such as wars, terror attacks, financial scares and assassinations. The losses were confined to a single day, and the market had regained all of its losses two days later, according to S&P Capital IQ data.
In the worst case if Trump dies, which I think it's small possibility and I hope not, do you think it would be bigger shock than JFK assassination in the midst of a Cold War? The market dropped 2.8% and recovered those losses in 2 days. The market will always need do what it needs to do, and it's telling us we're in a long term bull market. Presidents matters little in the grand scheme of the long term US economic direction. |
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