What was the breaking point for July/Aug Crash? | Forex Factory

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What was the breaking point for July/Aug Crash?

  • #1
  • First Post: Oct 9, 2007 12:27am Oct 9, 2007 12:27am
We all know the general build up before the crash (housing, sub-prime etc.) but can someone summarize any specific event(s) that iniated the crash? (e.g. hedge fund losses, speculator speeches...?)

Thanks!
  • #2
  • Oct 9, 2007 10:37am Oct 9, 2007 10:37am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Could be Bernanke's sudden announcement of rate cut??..

Mere guess..

:
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #3
  • Oct 9, 2007 10:49am Oct 9, 2007 10:49am
The trigger was the announcement of one Bear Stearns fund collapse.
  • #4
  • Last Post: Oct 9, 2007 10:51am Oct 9, 2007 10:51am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting Warper
The trigger was the announcement of one Bear Stearns fund collapse.
You may have got the right answer...

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
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