Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

25 Years Of March Market Madness

Wednesday, March 8, 2017 14:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

It's not called 'The Ides of March' for nothing…

Wedbush Securities' Scott Skyrm reminds us:

Over the past 20 years, there was a series of market sell-offs during the month of March.

In 1998, it was the subject of a news story on CNBC. They claimed it's a combination of the market digesting the February refunding and Japanese investors preparing for Japanese year-end on March 31st.

These days, world markets are more complex than in 1998, but there continues to be a series of market panics and crashes coincidentally in March.

Don't believe the hype? Here's the last 25 years of March mishaps in stocks and bonds…

  • March 1992: Short-end sells-off, market prices a 75 bps tightening, but the Fed eases in April
  • March 1994: Fed tightens in February and March igniting a sell-off in the long-end of the curve. Mortgage and CMO markets crash. Kidder Peabody is sold
  • March 1995: U.S. dollar crashes. Central banks intervene to support the dollar with large operations
  • March 1996: Large employment number triggers a sell-off across the entire yield curve
  • March 1998: General market sell-off at the beginning of the month
  • Feb/Mar 1999: Bond market experiences a series of 1 point drops
  • March 24, 2000: NASDAQ (technology) market reaches a peak and begins major decline
  • March 2001: Sell-off in U.S. stock market after Fed fails to cut rates aggressively
  • March 2003: After Iraq War starts, bond market sells-off considerably
  • March 2005: After poor earnings from General Motors, corporate and emerging markets bonds sell-off
  • Feb/Mar 2007: Stock sell-off in China sparks global sell-off, flight-to-quality. Sub-prime market stressed
  • March 2008: Liquidity crisis causes the collapse of Bear Stearns
  • March 2009: Sell-off in stocks brings Dow Jones index to a low of 6547; lowest since 1996
  • Feb/Mar 2010: Greek sovereign debt crisis begins
  • Mar 2011: Earthquake in Japan sends higher, leads to both a flight-to-quality & sell-off in the cash market March 20, 2012: Late hour bailout from the Eurozone and IMF saves Greece from default
  • March 20, 2012: Late hour bailout from the Eurozone and IMF saves Greece from default

March has had some big positive return months like 2016’s near 7% gain that almost matched the historic record. It has also had some whopper losses.

Source: RIA


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.