World stock markets are on the downside and likely
to head lower. A survey of twelve major indices shows them to be
down from 8 percent to over 20 percent from all-time highs set in
2007 and 2008.
| World
Stock Market Declines (More Than 10 Percent) |
| Market Index |
Country |
Quote |
Close 1/18/2008 |
All-Time High (2007) |
Decline from High |
| All
Ordinaries |
Australia |
|
5,799.40 |
6,853.60 |
15.38% |
| São
Paulo Stock Exchange (BOVESPA) |
Brazil |
|
57,506.00 |
65,791.00 |
12.59% |
| Hang
Seng Index |
Hong Kong |
|
25,201.87
|
31,638.22
|
20.34% |
| KOSPI
Composite Index |
South Korea |
|
1,734.72
|
2,064.85
|
15.99% |
| MIBTEL
Index |
Italy |
^MIBTEL |
26,910
|
34,365
|
21.69% |
| Nikkei
225 |
Japan |
|
13,861.29
|
18,261.98
|
24.10% |
| OMX
Stockholm All Share (OMXS) |
Sweden |
|
310.09 |
427.24 |
27.42% |
| SSE
Composite Index |
China |
000001.SS |
5,180.51
|
6,092.06
|
14.96% |
| S&P
500 |
U.S. |
|
1,325.19
|
1,565.15
|
15.33% |
| TSEC
Weighted Index |
Taiwan |
|
8184.65
|
9,809.88
|
16.57% |
| Note: Data from www.finance.yahoo.com
and stock exchange Web sites as of January 20, 2008. |
The India BSE
SENSEX (^BSESN)
is down 8.89 percent from its all-time high set on January 9, 2008.
And Russian stocks, as measured by the Russian
Trading System Index (RTSI), are down 8.51 percent from their
peak.
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Get Set for a Rocky
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- Support Levels May Constrain Price Downsides
Ugly Downsides - Avoid
the Price Downside
When Will the Mining Stocks Bubble
Burst?
Posted January 20, 2008. |
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