Agreed, the timing is huge, I know a few people who sold in 2007-2008 in Vancouver and, well, it’s 5 years later and now they’re looking at probably another 5 at least if the market does crash. They thought a crash was coming and were wringing their hands when GFC hit. Then the credit taps were turned to 11 and prices in parts of Vancouver are way up from then, including properties these people were eyeing on MLS. Now it’s another few hundred K on top at least. Ouch.
Now started the preparations for reforms to revive the market and pull it out from the huge crisis. The first and foremost reform that was suggested was the uniformity of the margin requirements. This was done so that the volatility of the stocks, stock options and index features could be reduced. Also, the installation of new computer systems was suggested so that the market could be pulled out from these difficult times as soon as possible. These computer systems that were newly installed in the stock exchanges needed just a single keystroke to enter the trade. Earlier this work would be tiresome and needed almost 25 keystrokes. These new computer systems rejected the trade if a wrong input was made. Those ways these computers helped increase the efficiency of data management. They also helped to minimize errors and maximize productivity. Overall these new computer systems were helping to manage the data with much ease decreasing chances of mistakes to a great extent.
Jones is widely credited with predicting, and profiting, from the stock-market crash on Oct. 19, 1987, which saw the Dow lose nearly 23% of its value, marking the largest one-day percentage decline for the blue-chip benchmark in its history. Jones founded Tudor in 1980 and became known for trading everything from currencies to commodities. His record has featured middling returns and an exodus of billions from his hedge fund in more recent years. According to a Forbes list of billionaires, Jones boasts a net worth of $4.7 billion