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Date, which is really important for a lot of mutual funds and asset managers but the contours of the market will remain, there s less lick quiddiquidity fed continues to raise interest rates. it appears the problems won t get solves any time soon. so this type of massive market swing something we should skbeblt expect to see through next year. leslie picker, thank you. let me bring in chief financial correspondent or axios, named felix salmon. thank you for your time, sir. the last time we saw a thousand points up yesterday, 500 down today, two days ago another wild swing or day before that when the markets were open. 2008/2009 if i m not mistaken when we saw this kind of volatility in the markets. the financial crisis of 2008/2009. how worried should we be? ....
History. what does the fed do in a period the economy is that hot? raises or normalizes interest rates coming off what had been years of 0 interest rate policy used to fight the great financial crisis and great recession that came afterwards. i m going to pick up there. let s give the viewers an explanation on what is driving this whiplash on wall street. there s always more than one explanation. latest market swing started after the federal reserve announced september 26th that it was raising its main rate called federal funds rate. key lending rate from 2% to 2.25%. the fed signaled it could have two more rate hikes this year. wall street is concerned about the interest rate hike because of what it is doing to 10 year treasury note. this is what the federal government sells to pay its bills. the yield on that, yield is interchangeable with interest rate has spiked almost eight ....
personally, the market swing has gone up and down. i got smacked the last time this happened i saw a lot of my 401(k) get sucked up. i took half my 401(k) and hedged it and basically i went conservative with half my 401(k) and allowed room for growth. i think a lot of people my age don t understand i want to make a distinction. kids to look after, singles, i don t know or, you know, married without kids do. and i wondered if that s because numbers bear me out on this, that young, singles aren t keen on this market. absolutely not. we ve seen the market. we see now how it s going up and down. you agree, the market just bothers you? definitely. we confirmed your worst fears. in this day and age i don t think it was just this week. it s bin confirmed for a while. millennials are used to it. ....
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Is he leading his caucus or is his caucus leading him. the reason why you re hearing congressional leaders say they won t negotiate in public because some of these outside external figures do still have some power but they want to keep them at bay as much as possible and so even though we re hearing john boner and harry reid say they are far away from a deal that may not be true because they are negotiating behind closed doors. press conference after press conference we re seeing the market swing back and forth but really i think we may be closer to a deal by the end of the month than these leaders are saying right now. from your lips. thank you very much. great to see you two. good to see you. thank you. also today authorities are trying to figure out what drove nfl player jovan belcher to kill his girlfriend and then himself on saturday morning. friends and relatives of the couple said their relationship was strained and briefly lived apart last month but had just gotten back ....