World Finance: The Stockmarket is a financial Casino- Crash! Banks! Wallet! So what's the picture? - by Bill Jamieson
So, did the great global credit crunch really happen? Or was it all just a bad dream? Just two months after share prices plunged, America's Dow Jones Industrial Average has hit all-time highs and the FTSE 100 Index of Britain's leading shares came within a whisker this week of its 2007 high.
Market plunges and rebounds continue to mystify outsiders and professional investors. And these huge swings have a special resonance for us now. This week sees the 20th anniversary of the 1987 stock market crash, one of the most disconcerting moments in global financial markets since the epochal 1929 Wall Street Crash and subsequent Great Depression.
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