Stocks around the world have had rough sledding in the first weeks of 2008 thanks to worries that the subprime mortgage crisis will trigger a U.S. recession and slow global economic growth.
Through Monday, the year-to-date tally of worldwide stock market losses exceeded $3.1 trillion, as measured by MSCI’s world index. More than a third of that is attributable to the U.S. market alone, with the Standard & Poor’s 1500 index losing more than $1.1 trillion so far this year.
As large as that seems, global equity values still exceed $29 trillion, according to MSCI, and stocks have cut their losses by about a quarter since the Fed’s emergency interest rate cut. Global equity losses briefly exceeded $4.1 trillion at the depth of the sell off last Tuesday.
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don’t you worry, we’ve got a $150 billion tax rebate package that will fix everything… or not.
- Posted by DamianI am of the view that we are going to have a bearish global stock markets during the year 2008.whenever the market goes up in anticipation of good news one should go short because the flow of adverse economic data of U.S. in regard to non-farm payrolls,G.D.P. growth,declining housing prices,higher inflation,contraction of services sector etc may lead market to crash further.The continuous fall in the market may eliminate the optimist investors from the stock
markets all over the world.
Mahesh Natani, financial consultant,
- Posted by maheshnataniIndia.5.3.08.