Black Swan of the financial market. [Newspaper] (2020)
Abstract
Black Swan theory was developed by Nassim Nicholas Taleb in the 2000s in his books Fooled By Randomness and The Black Swan. This theory talks about hard-to-predict events, rare events and those that are beyond the realm of normal expectations.
The global financial market was completely unprepared and no one predicted that this pandemic would end the long-running bull market in the United States, where the S&P 500 took only 16 days to reach market loss of 30 per cent of its value. The enormity of the current crisis can be judged from the fact that it took 38 days for the S&P to reach the bear market during the October 1987 crash and 188 days during the recent global financial crisis.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Financial Accounting, Black Swan theory, Global financial market |
| Taxonomy: | By Subject > Business & Management > Economics By Subject > Business & Management > Finance By Subject > Business & Management > Management |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Muhammad Azrul Ayob |
| Date Deposited: | 24 May 2021 03:10 |
| Last Modified: | 24 May 2021 03:10 |
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