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You Don’t Have To Go To Tunisia To Find Solid Stocks — They’re Right Here In The U.S.
Today’s eye-popping financial market statistic is brought to you by John Roque at Natixis Bleichroeder…
Since the U.S. stock market peaked in October 2007, the world’s equity market capitalization has shrunk by 53%. If you’re counting at home, that’s $33 trillion.
So if misery loves company and you’re too depressed to look at your brokerage account statements, maybe you can grab some consolation from knowing that investors all over the world share your pain.
In fact, some poor folks have it even worse. According to Bespoke Investment Group…
- Iceland is down a staggering 90% this year.
- Ukraine
…
20Nov2008 | Smart Profits Report | Comments Off | ContinuedWith Record Mortgage “Re-sets†Still to Come, U.S. Home Foreclosures Likely Won’t Peak Until the Fourth Quarter of This Year, Expert Says
Homes receiving at least one foreclosure filing soared 57% in the 12 month-period ended in March and bank repossessions rocketed 129% from a year ago, as the pain from the subprime mortgage crisis continues to spread, real estate data firm RealtyTrac Inc. said yesterday (Tuesday).
Unfortunately, the worst is yet to come, as the financial tsunami of adjustable-rate mortgage “resets” – when a floating-rate loan shifts to a higher interest rate – won’t actually crest until May and June. That means that there’s likely to be a major surge in the number of homeowners who are pushed into default and…
16Apr2008 | Money Morning | Comments Off | Continued
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