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Weekly Market Report

January 22, 2008 --

 

When the S&P 500 fell to 1407 on the Monday after last Thanksgiving, the stock index was down 10.1% from its October all-time high of 1565.  It was also the first time the S&P 500 had fallen at least 10% from a previous high in more than 4 ½ years.  That historical perspective makes what has happened in the first 13 trading days of 2008 (i.e., through last Friday) all the more disappointing.  The index’s drop of 9.8% YTD was initially driven by fears of a possible recession but the decline has been accelerated by the fear and panic of frustrated investors (source: BTN Research). 

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January 15, 2008 --

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