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Current DateTime: 01:04:26 05 Dec 2008
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    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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Jul.02
5:23 PM ET
Wednesday, 2 Jul 2008
Hearing Growls on Wall St. and Around the World

The bears are out on Wall Street now, as the Dow Industrials and Nasdaq Composite officially closed in bear market territory (down 20% from highs) today.

If that isn't depressing enough, take a look at the performance of various international markets from their highs that were hit within the past year (exact dates within the past year vary).

Growling Loudly (Already in Bear Territory)
China                -56%
India                 -35%
Hong Kong        -31%
France              -30%
Japan                -27%
Singapore          -24%
Australia           -24%
Germany           -22%
South Korea      -21%

Bear Watch (Approaching Bear Territory)
United Kingdom -19%
Thailand            -17%

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