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Was the stock exchange crisis of 2007 predictable?

Author

Listed:
  • POPESCU, Ion

    () (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • STOICA, Victor

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • MERUTA, Alexandrina

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

The aim is to try to solve the dilemma if could be predictable exchange crisis from 2007 in the conditions of market globalization, including stock exchange, under the risk of system. In such circumstances, the value judgments based on those three major developments (The Big Three) recorded in three representative locations: New York Stock Exchange (NYSE), London Stock Exchange (LSE) and Tokyo Stock Exchange (TSE). The analysis led to a technique conslusion, namely the level of support is a time of stability in the case of the fall, but this may be reduced through investor-buyers intervention, who estimated that the level of the lowest possible has been achieved: creating a sliding side of the course, forming the support level; ceiling being exceeded arose danger that the phenomenon of decline to continue. How the three stock exchanges: NYSE, LSE and TSE hold together more than 50% of total mondial capitalization was natural that the downfall stock exchange triggered in the United States to spread almost instantaneously throughout the world. An example is even the german index the Frankfurt DAX. Bucharest Stock Exchange has made no exceptional leadership leading the Romanian Banking Association (ARB) and National Bank of Romania (NBR) to discuss the technical level of a system with fluidity of internal markets, respectively those monetary and foreign exchange in times of turbulence.

Suggested Citation

  • POPESCU, Ion & STOICA, Victor & MERUTA, Alexandrina, 2009. "Was the stock exchange crisis of 2007 predictable?," Papers 2009/12, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_012
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    Keywords

    trend; history of maximum (minimum); point of resistance; upward tunnel (downward); peak; DJIA; FTSE; Nikkei 225;

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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