2010 Financial Market Recap

December 24th, 2010 | Filed under: Financial Markets, , , , , ,

Before we can think about the future, we must reflect on what happened in the market during 2010 and see if we can pick out any trends both new and/or old for 2011. Learning from the past is why we are taught history in school, right?

Below is video summary of major events that took place in the 2010 financial markets followed by a summary list: What was your favorite memory of the 2010 market?

Unemployment continues to be a focus and a major problem for years to come with no signs of easy up.

With a lack of confidence in paper currency, both gold and silver experience a bull surge.

The Gulf was rocked with one of the largest oil spills when a British Petroleum (BP) oil rig leaked in April, since than the well has been capped and oil is beginning to see a rise in price again.

The fed keeps interest rates at historically low levels to try and boost economy and increase consumer spending, while foreclosures were halted in 23 states because banks weren’t doing the proper paper work.

A computer glitch saw the Dow Jones drop 1,000 points in one day, which also created the a controversy around institutional trading.

General Motor (GM) IPO after a drastic slimming down process and together along with Ford (F) the US automotive industry sees a resurgence in prosperity.

London will host the 2012 Summer Olympics, while Brazil was awarded the 2016 Summer Olympics and 2014 World Cup. Russia will host the 2018 World Cup with Qatar following up in 2022.

At $53.5 billion, Carlos Slim regains the “World’s Richest Man” title.

Obama signs a deal that will extend many tax cuts for 2 more years. What does the tax deal means to you.

2010 US Census revealved a 9.7% growth over that last 10 years – the lowest since the Great Depression. US population is currently 308,745,538.

Activision’s (ATVI) Call of Duty: Black Ops brings in over a billion dollar in just 2 months and becomes the highest grossing entertainment media launch beating the record set by the previous version of Call of Duty released last year.

What was your favorite memory of the 2010 financial market?

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