Marketing Commentary- Q2 2008
What’s Been Happening? With the exception of small company stocks which posted a modest gain, every index we track in this report was down for the second quarter of 2008. This pullback from the October 9, 2007 recent market peak officially places us squarely in a bear market for US stocks. International stocks have not been spared and emerging market stocks which held up relatively well over the last couple of quarters have now joined in the pain. For example, in the first six months of 2008 a major index in China was down 46% and India was off 34% despite economies still growing at...
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