The meltdown in stock markets
October 31, 2007, many indices on world stock markets have peaked, after which began to fall: from that day on October 3, 2008, when the U.S. House of Representatives at the second attempt took Paulson's plan, the S & P 500 fell 30%; index MSCI World, showing the dynamics of the markets of developed countries fell by 32.3% Emerging Markets Index MSCI Emerging Markets - by 40,5%. In contrast to the preceding crash in 2000-2002, which was caused by the collapse of the stock market, technology companies and was limited to the U.S. market crash of 2007-2008 affected all countries and was caused by events outside the stock market - the boom and then collapse of the credit and residential sectors, and later - in commodity markets: the first shares began to fall from Western banks, and from July 2008 when I started to quickly become cheaper oil - stocks of raw materials from developing countries.
Banking Week 6 - October 10, 2008 brought the historic maximum drop indexes in USA markets: Dow Jones Industrial Average fell to 7882.51 and closed at 8,451.19. The Financial Times compared the stock market crash on Friday 10 October 2008 to October 10, 1938: "On the morning trades on Friday, drop the S & P 500 over the decade was almost identical to its collapse in a decade on the same date in 1938."
Stock market crash in October 2008 was a record for the U.S. market over the past 20 years, for the Japanese market - ever.