View from the Dow Jones index: United States economy quell blood has still not recovered

United States economy hard hit by the financial turmoil thus far, the recovery situation? digital talking, the Dow Jones index since March of this year has hit bottom rebound 51%, proving that devastated economy has the bleeding, but two years ago 14000 point high point there is still some distance to show United States economy has not completely recovered.

The commercial times "reported that a year ago, the Dow Jones industrial average after eight days of the stock market during chronic collapse shedded 2400 points total, cumulative decline of 22%, falling to a low of 8451 points.

Dow Jones on MO line in the vicinity of climbing 9865 points to new high in the past year, and March 9 by 12-year low of 6547 points, back up of up to 51%.

But two years ago, that is, Oct. 7th, 2007, the Dow Jones index rising to 14164 points high, and now you want to stand back from the high point at that time, there are a long way to go.

October 2007 to March 2008, the Investment Bank Bear Stearns on the verge of bankruptcy was Morgan acquired these five months, the collapse in investor confidence, the Dow Jones plummeted 2000 points. Then last year in mid-March to the beginning of September during the labour day, the Dow Jones large disk shocks the ups and downs.

However, the day after the 10-day period, the Wall Street again set off signalled the waves, "two" of the premises and Fannie Mae, fourth daquanshang Lehman Brothers and AIG global insurance leader such as domino effect like the sequential does not count down, raises spectre of zhongzhi financial tsunami. Frozen credit markets. In investors worried about the great depression the recurrence of panic, subsequent to March 9, set of 6 6547 point from the bottom of the months, the Dow Jones fell a total of 5000 points.

Dow Jones index falling from the bottom in March this year rebound since 7 months, although it has yet to make up for all the losses, but there is still a lot of people look after Dow Jones return 1 million points to retake the mark of the day is not far. Dow Jones from October 2007 to March of this year, the stock market value of the evaporation 11.2 trillion; March bottomed out so far, the profit 4.6 trillion.

Although unemployment record approximation 10%, other economic dimension to stabilize. Consumers are still pinch the wallet, but September sales results have been slightly improved. In the worst period has ended, the sounds soothe last fall panic in the financial meltdown is raised, but the economy gradually fade to reproduce past prosperity also need several years time.

Investment advisory company T.Rowe Price Associates Chief Economist Li sen pointed out that "we are faced with economic difficulties eased, lethal wounds have been bleeding. ”