Market Summary – Q2 2010
What’s Been Happening? Stock markets around the world have dropped significantly during the quarter. The Dow Jones Industrial Average retraced from slightly over 11,000 to a bit below the psychologically important 10,000 level [down 10%]. Broader global indexes like the Dow Jones World Stock Index were off closer to 12%. Dow Jones Industrial Average – June 30, 2008 to June 30, 2010 Source: Schwab & Co., Inc. We Got Ahead of Ourselves A 70% run up in the S&P 500 in 13 months from the Bull Market Start Date [March 9, 2009] was “too far, too fast” compared to previous recoveries....
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