index of all major stock exchange all over the world. when was the last time you seen this?
"The Bank of Japan injected one trillion yen (US$8.5 billion) into the money market while Australia's central bank pumped US$4.2 billion into the banking system, more than twice the daily average. " it still falls 406.7
"The European Central Bank Thursday pumped a record 94.8 billion euros (US$130.2 billion) into the eurozone money markets while the US Federal Reserve made a more modest US$24 billion available to US commercial banks. The ECB's massive injection was even more than the bank pumped in after the September 11, 2001 terrorist attacks which roiled world financial markets. "
"The BoJ's injection was smaller and by no means unprecedented, but it was up from 400 billion yen the bank offered money markets on Thursday and the highest since it put up one trillion yen on June 29."
"Singapore's central bank said it stood ready to inject cash while South Korea's central bank said it would "promptly act" if needed. "
despite injecting so much money to so call stop the drop, the market still went crazy. i believe it is just starting but with government central banks joint prevention efforts and very positive economic growth during the first half of the year will certainly offset the uncertainties this period.
1 comment:
Well said.
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