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Q.

Why most of the fridays are black for stock market

Asked by Santonu Borpuzari, 29 Jun '08 10:25 pm
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Answers (5)

1.

1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay Gould and James Fist, who attempted to corner the gold market. The attempt failed and the gold market collapsed, causing the stock market to plummet.

2. The day after Thanksgiving in the United States. Retailers generally see an upward spike in sales and consider this to be the start of the holiday shopping season. It's common for retailers to offer special promotions and to open early to draw in customers.

1. The term "black" has been used to describe other disastrous days in financial markets. For example, on Black Tuesday, October 29, 1929, the market fell precipitously, signaling the start of the Great Depression. The largest one-day drop in stock market history occurred on Black Monday, October 19, 1987, when the Dow Jones Industrial Average plummeted more than 22%.

2. The idea behind the term "B ...more
Answered by PRASOON SMART, 29 Jun '08 10:31 pm

 
  
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2.

panice selling due to uncertain condtions
Answered by saranathan Narasimhan, 29 Jun '08 10:28 pm

 
  
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3.

inflation figures r released on dat day
Answered by desi, 29 Jun '08 10:29 pm

 
  
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4.

a weekend follows & most of the datas are released on friday
Answered by MANISH DODIA, 29 Jun '08 10:31 pm

 
  
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5.

because of the black friday crash a LONG time ago. It was supposed to be a major catastrophe.
Answered by Lal, 29 Jun '08 10:29 pm

 
  
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