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It's Official,Bear Market Territory for The World's Markets

serfserf Member Posts: 9,217 ✭✭✭✭


They will blame it all on Putin and Cov-19 but we should know better.Only QE can make it better?

serf

https://www.cnn.com/2022/05/20/investing/sp-500-bear-market/index.html

The S&P 500 fell into bear market territory Friday, slipping more than 20% from its record high and potentially ending the bull run that began in March 2020.

The designation comes on the heels of six straight weekly losses for the index and follows months of precipitous market drops. The S&P 500 has long been considered the most accurate measure of the nation's stock performance.

In the three years prior to this bear market, the index grew by 90%.

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