The credit crisis has dragged on for two years now. Its inflexion points have come to be denoted by shorthand.
“Whitney Day” was when a bearish note about Citigroup by analyst Meredith Whitney sparked a sell-off of US banks, ending the bull market for good in October 2007.
Exactly a year ago, Bastille Day was the moment the oil market peaked, then crashed. Both events still resonate.
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