Trade transactions in the year-end 2008 on Wall Street ended slightly improved although conditions are not healthy worst since the Great Depression. On Wednesday trading 931/12), the last day in the year 2008, the index Dow Jones Industrial Average rose 108.00 points (1.25 percent) at 8,776.39. Index Standard and Poor's 500 increased 12.61 points (1.42 percent) to 903.25. Menguat index and the Nasdaq 26.33 points (1.70 percent) to 1577.03.
Year 2008, world economic turmoil took place outside the market. Paralyzed credit markets, causing the United States sink into recession. Investors move funds from the stock market to the commodities market. So stock prices anjlok while commodity prices soaring, even oil prices had melejit to the highest position in history, namely at 147 U.S. dollars per barrel.
At the end of the year 2008, many market analysts estimate that economic conditions will improve in 2009. However, the recovery process will run slowly because the investors still surprised destruction due to their portfolios. Most U.S. companies, and also the world, up to now still reluctant to buy the portfolio.
"Markets are in need stabilization, increased revenue, and some positive signals before the start better," said Chief Economist Oppenheimer Funds Inc. Jerry Webman.
The facts that occurred on Wall Street in 2008 proved that this year about:
The average price of shares listed on the New York Stock Exchange is free of 45 percent from 75.01 U.S. dollars at the beginning of the year to be 41.14 U.S. dollars at the end of the year.
Index Dow Jones Industrial Average fell 33.8 percent, and 38 percent compared to October 2007. This is the worst Dow Jones since the Great Depression in 1931
Index Standard and Poor's-500, the indicator is referred to by the market, slipped 38.5 percent this year.
Investors lost money as much as 6.9 trillion U.S. dollars due to a decrease in the value of shares in the market. This amount, based on the Index Dow Jones Wilshire 5000, is 38 percent of the total value of shares in the stock-exchange in the U.S. at the beginning of this year.
However, at least, what happens to this little sunday calm heart. With the return menguatnya Wall Street on the last day of trading in 2008. Previously, the Nasdaq had a record high increase of 5048.62 in March 2000, before the dot-com era ended. Russell 2000 Index also rose 16.68 points, or 3.46 percent, a 499.45.
Meanwhile, melonjaknya oil prices was the market. In May 2008, oil prices still sit in the range of 112 U.S. dollars per barrel, but on 11 July the price of oil to the melesat never suspected the market, which is 147.27 U.S. dollars per barrel. This triggered the price of gas in the U.S. melejit up to 4 U.S. dollars per gallon, and depressed stock market melorot in the midst of fears that people will cut the budget shopping due to high fuel prices.
But the market was calm again, before finally drama bankrutnya investment financial institutions Wall Street, Lehman Brothers Holdings Inc., spread panic in the sense of Wall Street and credit markets. Bank, for fear of other financial institutions unable to return the loan, eventually stopping the flow of credit. Akibatnya, pasar kertas berharga mandek, dan suku bunga pun meningkat.
The only part of the credit market is calm kesedian U.S. government to provide loan assistance. Investors need assurance that the money to evaporate letters debt (Treasury issues), especially short-term debt.
Wall Street turmoil in the year 2008 does not happen in a day, as happened on 26 October 1987 events, which reached 22.6 per cent fall per day. However, what the Wall Street this year similar events because volatilitas Black Monday stock sale and purchase does not end quickly.
From 15 September to 20 November, when the Dow Jones Index fell to 7552.29, stock-share blue chips this (stock-share-winning), three-digit fall for 41 days from 46 days to transaction.
Wall Street expects no signs of economic improvement in the second semester in 2009, with a marked increase in the amount of funds lent by banks, the market houses that touches classes, and decrease unemployment, and followed with increasing purchasing power people.
U.S. Government muffled panic middle market menggelontorkan funds with 700 billion U.S. dollars to shore banking and talangan give the U.S. automotive industry. Meanwhile, the U.S. central bank, the Federal Reserve (the Fed) cut interest rates to almost zero approach to reduce the cost of borrowing.
Decline in oil prices, which sit at the 44.60 U.S. dollars per barrel on Wednesday, and the prices in other commodities, is expected to menggenjot economy. However, the capital market will continue to have feared stagnansi because many banks that have not yet provided the maximum credit.
Source : Kompas
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