Stock Market Crash 2011

The stock market crash has become the first effects on the economy. Economic researchers consider correct their growth forecasts for 2011 downwards 

How far does the stock market have to go down before we officially call it a crash?  The Dow is now down more than 2,000 points in just the last 14 trading days.  So can we now call this “The Stock Market Crash of 2011??  Today the Dow was down 519 points.  Yesterday, an announcement by the Federal Reserve indicating that the Fed would keep interest rates near zero until mid-2013 helped the Dow surge more than 400 points, but all of those gains were wiped out today.

Just like in 2008, bank stocks are being hit the hardest.  That was true once again today.  Bank of America was down more than 10 percent, Citigroup was down more than 10 percent, Morgan Stanley was down more than 9 percent and JPMorgan Chase was down more than 5 percent.

Bank of America stock is down almost 50 percent so far this year.  Overall, the S&P financial sector is down more than 23 percent in 2011 so far.The UK stock market regained some composure after another share tips panic-driven slump on the open this morning was turned around by hopes that the U.S. authorities will step in to rescue the world's largest economy

Instead of planning ahead we end up buying our foreign currency in our lunch hour the day before we travel. However, with some forward thinking we can capitalise on the best foreign currency exchange rates and find an alternative to carrying cash in our wallet. Read our guide to travel money and foreign currency so you know what your options are and how to capitalise on them.