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Most of the Major U.S. Indexes are Down Over 15% From Their Highs
By JLP | January 22, 2008
Check this out. It shows where some of the more well-known indexes are in relation to their 52-week highs:
The Russell 2000 and the S&P 600, both small-cap indexes, are both off over 21% from their highs. Most analysts consider this bear-market territory for these indexes. Several of the other indexes aren’t far from bear market territory.
Take a look at the last column, which shows the return needed for the index to get back to its high. The Russell 2000 has to return over 27.5% just to get back to its 52-week high!
Finally, here’s a look at January’s performance:
REPEAT AFTER ME:
“I’m buying shares on sale. I’m buying shares on sale…”
Topics: Investing | 2 Comments »
January 23rd, 2008 at 8:23 pm
I’m buying shares on sale. . . I bought shares on sale
January 28th, 2008 at 11:20 pm
[...] All Financial Matters reminds us that the stock markets are tanking. [...]