Home
U.S. slips into a bear market
St Petersburg News.Net
Thursday 3rd July, 2008
The Dow Jones Industrial Average has slipped into a bear market for the 12th time since 1962.
The longest profit slump in six years and the first nationwide decrease in home prices since the Great Depression has pushed US equities to a nine-month low.
Based on its performance in previous bear markets, the Dow may have a lot further to fall.
Prior declines averaged 29 percent and lasted 322 days.
The biggest was a 45 percent drop over 694 days starting in January 1973.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Russia blocks UN draft on Georgia
United Nations, Aug 20 (RIA Novosti) Russia has blocked a UN Security Council draft resolution calling for an immediate withdrawal of Russian troops from Georgia, saying the document contradicts a previously agreed peace plan. [read story]
- NATO rebukes Russia as hostilities ease
Brussels, Aug 20 (DPA) The North Atlantic Treaty Organization (NATO) has suspended ties with Russia until Moscow withdraws its forces from Georgia, and the United States warned that Russia would not be allowed to re-establish Soviet-era borders. [read story]
- Troop withdrawal to complete by Friday: Medvedev
Paris, Aug 20 (DPA) The promised withdrawal of Russian troops from Georgia will be completed by Friday (Aug 22), Russian President Dmitry Medvedev has said. [read story]
- Georgia, Russia trade prisoners amid Russian pullout
Tbilisi/Moscow, Aug 19 (DPA) Russia and Georgia exchanged prisoners Tuesday as Russian troops slowly began pulling out of the conflict region in Georgia. [read story]
- OSCE green-lights military observers for Georgia
Vienna, Aug 19 (DPA) Military observers of the Organisation for Security and Cooperation in Europe (OSCE) will be deployed in Georgia starting this week, after Georgia and Russia reached a compromise and the organisation approved the mission Tuesday. [read story]
|
|
 |
 |
|
|
|
Copyright © 1999-2008 Mainstream Media EC
All rights reserved
