Factory Cheap XJM7-D Measuring Box (Power Lighting Energy Measuring Box) for Sweden Manufacturers

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Our company promises all users of the first-class products and the most satisfying post-sale service. We warmly welcome our regular and new customers to join us for Factory Cheap XJM7-D Measuring Box (Power Lighting Energy Measuring Box) for Sweden Manufacturers, For further information, please do not hesitate to contact us. All inquiries from you will be highly appreciated.


USE:

XJM7-D measuring box (power lighting energy measurement box) is applicable to power, lighting measurement management with AC 50HZ, rated voltage 380 / 220V, three-phase four-wire. The advantages includes large capacity, shunt output switch can be selected by design, measures against stealing.It is can be called flexible, mobile, reliable power distribution equipment.

In line with GB7251.1-1997 and GB7251.3-1997 standards.

3C certificate:

XJM7-D Meing Box)-2





In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).

In Australia and New Zealand the 1987 crash is also referred to as Black Tuesday because of the timezone difference. The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.

In 1986, the United States economy began shifting from a rapidly growing recovery to a slower growing expansion, which resulted in a “soft landing” as the economy slowed and inflation dropped. The stock market advanced significantly, with the Dow peaking in August 1987 at 2722 points, or 44% over the previous year’s closing of 1895 points.

On October 14, the DJIA dropped 95.46 points (3.8%) (a then record) to 2412.70, and fell another 58 points (2.4%) the next day, down over 12% from the August 25 all-time high.

On Thursday, October 15, 1987, Iran hit the American-owned supertanker, the Sungari, with a Silkworm missile off Kuwait’s main Mina Al Ahmadi oil port. The next morning, Iran hit another ship, the U.S. flagged MV Sea Isle City, with another Silkworm missile.

On Friday, October 16, when all the markets in London were unexpectedly closed due to the Great Storm of 1987, the DJIA closed down another 108.35 points (4.6%) to close at 2246.74 on record volume. American Treasury Secretary James Baker stated concerns about the falling prices.

The crash began in Far Eastern markets the morning of October 19. Later that morning, two U.S. warships shelled an Iranian oil platform in the Persian Gulf in response to Iran’s Silkworm missile attack on the Sea Isle City.

Possible causes for the decline included program trading, overvaluation, illiquidity, and market psychology.

A popular explanation for the 1987 crash was selling by program traders, most notably as a reaction to the computerized selling required by portfolio insurance hedges.[10] However, economist Dean Furbush points out that the biggest price drops occurred when trading volume was light.[11] In program trading, computers perform rapid stock executions based on external inputs, such as the price of related securities. Common strategies implemented by program trading involve an attempt to engage in arbitrage and portfolio insurance strategies. As computer technology became more available, the use of program trading grew dramatically within Wall Street firms. After the crash, many blamed program trading strategies for blindly selling stocks as markets fell, exacerbating the decline. Some economists theorized the speculative boom leading up to October was caused by program trading, and that the crash was merely a return to normalcy. Either way, program trading ended up taking the majority of the blame in the public eye for the 1987 stock market crash. U.S. Congressman Edward J. Markey, who had been warning about the possibility of a crash, stated that “Program trading was the principal cause.”

Amidst the financial turmoil, the Fed encouraged banks to continue to lend to one another on their usual terms. The banks did this at a loss, but it preserved the system as a whole. Some experts argue the Fed’s response to Black Monday ushered in a new era of investor confidence in the central bank’s ability to calm severe market downturns.

After Black Monday, regulators overhauled trade-clearing protocols to bring uniformity to all prominent market products. They also developed new rules, known as circuit breakers, allowing exchanges to halt trading temporarily in instances of exceptionally large price declines. For example, under current rules, the New York Stock Exchange would temporarily halt trading when the S&P 500 stock index declines 7 percent, 13 percent, and 20 percent in order to allow investors to make informed choices when the market is highly volatile.

http://en.wikipedia.org/wiki/1987_stock_market_crash



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