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The Dow was worth 20 ounces of gold both in 1929 and 1980, but bottomed at near one ounce of gold in 1932 and 1980. The recent bear market began with the Dow priced near 43 ounces of gold, and is worth less than 12 ounces today, on its way to re-test the 1932 and 1980 lows.
At a time when most equity funds witnessed sharp erosion in their net asset values, fast-moving consumer goods sector-dedicated funds fared better than the rest.
BANGKOK, Dec 2 (Reuters) - Thailand's benchmark stock index erased early losses and moved higher on Tuesday as the Constitutional Court found the main party in the government coalition guilty of electoral fraud and said it must be disbanded.
John C. “Jack” Bogle, founder of The Vanguard Group Inc., is 79, and has seen 10 bear markets in more than five decades in the investment business.
John C. "Jack" Bogle, founder of The Vanguard Group Inc., is 79, and has seen 10 bear markets in more than five decades in the investment business. So is he questioning his fundamental beliefs amid a U.S. recession that was officially declared Monday, and has erased trillions of dollars in stock market value? Hardly.
BANGKOK, Dec 2 (Reuters) - Thai stocks are set to move lower on Tuesday, amid a worsening global economic crisis and ahead of a court hearing on a vote fraud case that could force the prime minister and much of his cabinet to step down.
Asian Stocks Fall Sharply In Early Trade
KUALA LUMPUR, Dec 2 (Reuters) - Malaysian shares are set to slide on Tuesday following a steep fall on Wall Street overnight, as amounting fears of a deep economic downturn continue to weigh on global markets.
Ford To Shift To More Fuel-efficient Vehicles: WSJ
Bank Of Japan Calls Unscheduled Monetary Policy Meeting
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