June 9, 2010
There's always a bear market somewhere, and for many U.S. investors, it's in Europe.
An official bear market starts at a 20% loss, and the Standard & Poor's 500-stock index isn't there yet: It's down 12.8% since its April 23 high. But many European markets are down more than 20% from their 2010 peaks, especially when those losses are translated into U.S. dollars.
Worries about a Greek government bond default, as well as concerns about the health of Spain, Italy, Ireland and Hungary, have sent foreign stock markets reeling. The MSCI Europe, Australasia and Far East index, a broad measure of international market performance, had its most recent peak on April 15 and has fallen 19.9% when measured in U.S. dollars.
More
No comments:
Post a Comment