The Free Fall

The Free Fall

The markets today had one of its worth days.  The loss was over 2%.  

The main reason for the bad day was the worldwide debt, particularly Greece's debt.  Also, the markets are waiting for the decision of this country, wether Greece will stay or leave the European Union.  We all need to wait the outcome.  

Check out the numbers below:

          The red 

Sincerely, 

Ben here

Sarik Tara and ENKA

Sarik Tara and ENKA

I would like to describe briefly, the man, who is currently the second richest person in Turkey.  

     Billionaires of Turkey

His name is Sarik Tara. 

Mr Tara is the founder of Turkey's largest construction company of ENKA.  

ENKA is involved with: contracting, construction, energy production, real estate investment and management industry. 

     Sarik Tara 

The company is especially active in Russia, where it owns offices, hotels and shopping malls in the city of Moscow, as well as supermarkets, hypermarkets and malls across the country.  

Also, ENKA has built U.S. embassy buildings in the countries of Dominican Republic, Equatorial Guinea and Afghanistan. 

'Construction industry is a lucrative business', Mr Tara would surely agree to this statement, since his entire fortune was built by this industry. 

Sincerely, 

Ben

🤓

Worst 3 Drops in History

Worst 3 Drops in History 

Today, the 'Dow Jones Industrial Average' dropped 326 points to end the day at 15,372.80.  After numerous highs in 2013, the 'Dow Jones' has lost a total of 7.3% since january 1, 2014.  

This 'sizeable' drop made me wonder what was the 'Worst 3 drops in history' of the Dow Jones Industrial.  

Below, are the dates and brief reason for the drops: 

3. 

April 14, 2000.  

Total Drop: 618 points (5.7%)

After learning that core consumer prices had risen 0.4%, which was more than expected, investors got rid of technology stocks in droves.  The sell-off spread to other industries causing all 30 stocks of the Dow Jones to fall.  Between Monday and Friday of that week investors lost a total of 2 trillion dollars.  

2. 

September 17, 2001.  

Total Drop: 684 points (7.1%)

Following the worst terrorist attack in USA history on September 11, 2001, the market plummeted on its first day of trading, after being closed for one week.  

1.  

September 29, 2008. 

778 points (7.0%)

The USA 'House of Representatives' failure to pass President George Bush Administration's 700 billion dollar bailout plan triggered the biggest one-day point drop in the history of the 'Dow Jones Industrial Average'.   The market plummeted, with sellers frantically dumping stocks as fears mounted that Congress would be unable to come up with a speedy fix.  

I hope we never see these kinds of drops again, and 'recovery' is surely in the coming days.  

Thank you for reading, 

Ben here