Where is the big fall?
Seeking Alpha.com wed. march 19, 2008
One of the most vexing things about this market has been that it hasn’t declined as much as one would think intuitively. Looking back on the LTCM disaster in 1998 the S&P 500 declined over 22% from top to bottom over a relatively short three month period.
That crisis involved just one institution whereas today’s troubles afflict many dozens of financial services companies involving a still untold amount of losses. Yet the S&P 500, heavily weighted by financials, has only declined about 20% from its high. By this measure we’re not even in bear market territory although that could change in a heartbeat
posted on: March 20, 2008 | about stocks: DBA / DBB / DBC / DIA / EFA / EWZ / FXI / GDX / GLD / IEF / IFN / IWM / MDY / QQQQ / RSX / SPY / USO / XLE / XLF
No comments:
Post a Comment