Thursday, July 3, 2008

Grrrrrrrrr!

Dow Jones becomes a bear market

The Dow Jones Industrial Average closed more than 20% below its October 2007 peak on Wednesday, meaning it is officially a bear market. The blue-chip index fell 166.8 points or 1.46% to 11,215.5, which is 21.0% below its 14,198.1 close on 11 October

Posted by flintster1994 @ 09:43 AM (2838 views)
Please complete the required fields.



3 thoughts on “Grrrrrrrrr!

  • Can someone please explain what this means in laymans terms???

    Reply
    Please complete the required fields.



  • A particulary friendly looking bear they’ve chosen for their photo, surely Getti or wherever they get their images had something a little more scary than that.

    I can’t quite believe the markets haven’t tanked before and by more.

    The situation is about as dire as it could be and yet somehow markets are just coming down from near record levels.

    We have a small way to go yet on the FTSE if indeed our measure is 20% off in a year to become an official bear market, but given the huge losses in the Bank and Building Industry combined with the lack of financial ‘cushion’ in most businesses.

    In fact taking Sheffield as an example house prices as a % are falling as fast as the markets and they’re an illiquid asset.

    Reply
    Please complete the required fields.



  • “I can’t quite believe the markets haven’t tanked before and by more.”

    Me too str 2007. Now the Bond Insurers are feeling the pain expect a very large downward movement.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>