28 July 2008
Investors the world over received a startling reminder that "what goes up, must come down." It is an extremely distressing experience for those of us who have either forgotten or have never known the experience of a bear market. Last week, the US technically fell into bear market territory which by definition happens when the market averages fall by at least 20 percent. The hurt has been widespread as the combination of the following factors took their toll on stocks , namely: 1) the sub-prime...