GO
Loading...

Giovanny Moreano

Quantitative Analyst

Giovanny Moreano is a Quantitative Analyst at CNBC.

More

  • Recovering from Bear Markets Monday, 27 Oct 2008 | 11:18 AM ET

    As investors continue to debate whether the stock market could be near a bottom, data for the last twelve bear markets indicates that, on average, it took the Dow three years to reach its previous highs.

  • For the week ending Friday, October 3, 2008,  the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.

  • For the week ending Friday, September 26, 2008,  the major U.S. Indices tumbled for the week as uncertainty lingered over the Congressional $700B bailout package.  We also witnessed a historic bank failure, unsatisfying housing data, a continued rise in jobless claims, and a record one-day gain in the price of crude.  The S&P 500 and NASDAQ Composite shed more than 3% for the week. The NASDAQ had the worst weekly performance amongst the three major indices, losing 3.98%, followed by S&P 500 which lost 3.3%, marking their biggest weekly drops since the start of Sept. for the NASDAQ & since mid May for the S&P.

Featured