Thursday, July 3, 2008


|It's officially a Bear Market; the Dow is down 20.8%.

America enters bear market territory as the Dow crashes

America officially entered a bear market last night, for the first time in six
years, as the oil price hit a new record high.

The Dow Jones lost 166.75 points, or 1.5 per cent, to close at 11,215.51,
bringing its decline since its peak last October to 20.8 per cent. A market
is said to have entered bear territory when it has fallen by a fifth from
its previous high.

 blog it

No comments: