Sunday, 29 March 2020

Investment bank Jefferies analysts examined these similarities after statements by the famous Hungarian-born US-based fi

Famous speculator George Soros, who made a profit of £ 2 billion in a month in 1992 with the speculation on the British Pound with an open position of $ 10 billion, made the findings regarding the 2016 global crisis.

In his speech at an economy forum in Sri Lanka's capital Colombo, in January, George Soros said that global markets are in crisis and investors need to be careful; He stated that the 2016 crisis was similar to some situations before the 2008 financial crisis .

Jefferies analysts , an American global investment bank based in New York, have analyzed market indicators that have been moving at unprecedented levels since the 2008 financial crisis that George Soros might have meant. Similarities between the 2008 and 2016 crisis and the findings of Jefferies analysts were published by Business Insider .

According to Jefferies analysts, the similarities between the 2008 and 2016 crisis are as follows:

1. US stock markets fell to their 52-week low. This level was previously seen between 2008 and 2009.

2. Investors' expectations and optimism about the markets have decreased to the lowest level of 14 months since March 2009 period.

3. The returns of the utility companies in the S&P 500 Index are almost the same compared to 2008.

4. The difference between S&P dividend yield and the US 10-year bond yield yield is quite close to the levels seen in 2008 and 2009.

5. The percentage of shares that closed on the New York Stock Exchange (NYSE) above the 200-day moving average price is 15 percent. This rate is the lowest since 2011 and 2008.

6. The number of executives purchasing the shares of their own company is at the highest level since 2011 and 2009 compared to the salespeople.

7. High yield bonds since 2008 and 2009 are perceived as the most risky assets.

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