S&P Woes
Nov 9th, 2007 | By Christopher Hancock | Category: Macroeconomics
Halloween came. Bernanke cut rates. Markets responded.
The world’s “benchmark” index fell off the cliff. The S&P has fallen 6.2% in less than two weeks:
Consequently, stock returns look more like bond returns. The S&P limps along at 4.51% year to date. In euro terms, the world’s “benchmark” bleeds red. ...read more
