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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Alan Norton who wrote (1240)9/29/1998 8:13:00 AM
From: Wren  Read Replies (2) of 15132
 
Re: This isn't a bear market yet.

The current issue of Barrons, in an article, The Euro Bazaar, quotes J. Paul Horne, the London based European equity market economist at Salomom, as follows:

At the close on Sept. 21, the average price decline of all equities listed on the NYSE was 35.9% from its 52 week high. Nasdaq was even worse, down 46.9%. One European-wide index of all stocks is off 30% from its 52 week high.
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