Global financial markets
GLOBAL FINANCIAL MARKETS
Name: Rasheed Akewusure
Student no: 2710157
Module Reference Number: BAF-7-GFM.1
Module Coordinator: Dr. Carolina Valiente
Word Count: 3,997
Abstract
The U.S. stock market experienced the worst bear market in its history since the Great Depression during the October 9, 2007-March 9, 2009 period. The stock market crash was mainly caused by the U.S. banking sector crisis in 2008. As a result of this crisis, the U.S. financial sector has received considerable attention in recent empirical studies. In this paper, I evaluate the performance of the U.S. Equity market, banking sector and a selected financial institution during the October 2002-August 2009 period, which covers the October 2002-September 2007 bull market, the October 9, 2007-March 9, 2009 bear market. It also links to a series of articles on the causes and impact of the financial crisis in the UK. No amount of monetary or fiscal policy can fix the errors of the past, just like no modern treatment can quickly fix up to health a drug addict incapacitated from a decade-long drug abuse.
Table of Contents
Global Financial Markets (2002-2007)
1. Introduction………………………………………………………………………………… 3
2. Methodology………………………………………………………………………………... 3
3. Main Events and Trend of U.S. Equity Market………………………………..4
4. Performance of U.S. Equity Market Vs Banking Sector…………………..6
5. Bank of America performance Vs the sector and the market. 8
IMPACT OF THE FINANCIAL CRISIS
6. On the performance of the U.S. Financial Market and Economy………10
7. On the U.S. Banking Sector………………………………………………………………12
8. On Bank of America, Measures taken to pull through crisis and the effects on share prices……………………………………………………………………14
9. Forecast of Future Share prices for U.S. Equity Market, Banking Sector and Bank of America……………………………………………………………15
Summary and Conclusion
References
Appendix
Glossary
Introduction
Independently and
Name: Rasheed Akewusure
Student no: 2710157
Module Reference Number: BAF-7-GFM.1
Module Coordinator: Dr. Carolina Valiente
Word Count: 3,997
Abstract
The U.S. stock market experienced the worst bear market in its history since the Great Depression during the October 9, 2007-March 9, 2009 period. The stock market crash was mainly caused by the U.S. banking sector crisis in 2008. As a result of this crisis, the U.S. financial sector has received considerable attention in recent empirical studies. In this paper, I evaluate the performance of the U.S. Equity market, banking sector and a selected financial institution during the October 2002-August 2009 period, which covers the October 2002-September 2007 bull market, the October 9, 2007-March 9, 2009 bear market. It also links to a series of articles on the causes and impact of the financial crisis in the UK. No amount of monetary or fiscal policy can fix the errors of the past, just like no modern treatment can quickly fix up to health a drug addict incapacitated from a decade-long drug abuse.
Table of Contents
Global Financial Markets (2002-2007)
1. Introduction………………………………………………………………………………… 3
2. Methodology………………………………………………………………………………... 3
3. Main Events and Trend of U.S. Equity Market………………………………..4
4. Performance of U.S. Equity Market Vs Banking Sector…………………..6
5. Bank of America performance Vs the sector and the market. 8
IMPACT OF THE FINANCIAL CRISIS
6. On the performance of the U.S. Financial Market and Economy………10
7. On the U.S. Banking Sector………………………………………………………………12
8. On Bank of America, Measures taken to pull through crisis and the effects on share prices……………………………………………………………………14
9. Forecast of Future Share prices for U.S. Equity Market, Banking Sector and Bank of America……………………………………………………………15
Summary and Conclusion
References
Appendix
Glossary
Introduction
Independently and
References: Figure 1: U.S. Bull Market (2002-2007) Farr 2008, states there are several factors that drove the Stock Market Higher From 2003-2007 such as: Figure 2: US Bear Market (2007-2009) During the bear market an intense dispute arose as to whose caused the stock market falling