The recent sharp fall in the US equity market pushed the peak to trough fall in the S&P Composite in...
The recent sharp fall in the US equity market pushed the peak to trough fall in the S&P Composite index over the 20% decline threshold that is usually regarded as the definition of a bear market. For investors more focused on the Nasdaq, this may seem to be a moot point given its disastrous 62% decline in the last 12 months. The Nasdaq's record fall has seen some of the last year's hottest technology stocks fall 95% from their highs. Despite the certainty of further monetary policy easing by the Fed, investors are focusing on the rapidly deteriorating outlook for corporate profits. ...
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