For the nth day there is absolute silence in NZ media about the rout on the stock market.
In the past you could not get away from the financial news; since 2008 you can hardly find anything.
This is what today’s business page IS talking about.This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008
22 December, 2018
The Dow just suffered its deepest weekly plunge since 2008 and the Nasdaq is officially in a bear market.
The miserable performance reflects deepening fears on Wall Street of an economic slowdown and overly-aggressive Federal Reserve.
In a bad sign on Friday, volume was really heavy. More than 12 billion shares changed hands on U.S. exchanges on Friday, the biggest volume in at least two years.
Since 1984, there were only eight days when a bigger proportion of shares did so, according to Sundial Capital Research. Two of them were in 1987 — during the famous Black Monday crash, when the Dow Jones Industrial Average lost 23 percent in one day, and then again during the following session. The rest were in the aftermath of the collapse of Lehman Brothers in October and November 2008.