n Personal Finance Newsletter - Is this a bear market? : comment

Volume 2006, Issue 307
  • ISSN :



Extracted from text ... COMMENT INVESTORS were bruised after a vicious seven-day sell-off in local shares in the third week of May, as the market's temperature took a dive in sympathy with the weather. In spite of a one-day bounce on the following Tuesday, investors' confidence appears to have been shaken. They worry - even though the underlying value and prospects of their shares has not changed at all. London's Sunday Times carried a piece that contrasted conditions in financial markets to the "Black Monday" stock market crash of October 1987. Similarities between the 1987 crash and markets today were identified: a widening ..

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