Gee, this chart looks familiar . . .
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Source:
Stock Investors Lose Faith, Pull Out Record Amounts
E.S. BROWNING
WSJ, DECEMBER 22, 2008
http://online.wsj.com/article/SB122990642933825357.html
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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December 23rd, 2008 at 9:05 am
Why is QID $59 Bid Ask?
Did the credit swaps it has blow up? I thought this might happened and this is why I never owned the fund.
December 23rd, 2008 at 9:07 am
Ah distrib, I see it.
December 23rd, 2008 at 10:06 am
The implication is that we are, at best, halfway through this bear.
December 23rd, 2008 at 11:05 am
Interesting that 29-42 is the only secular bear market that wiped out the gains of the previous bull market.
December 23rd, 2008 at 3:23 pm
DP…let’s wait and see what the next 5 years bring. History has a way of rhyming as they say.