- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- The World's Biggest Debtor Nations
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
Text Size 
The slump in global stock prices could just be getting started as a few months of declines may not be enough to correct the years of booming stock prices, investment managers told CNBC.
"You had months and years on the upside and now you've got it on the down and people in a way just aren't used to it," Elissa Bayer, investment manager at Charles Stanley, said Tuesday.
"This is going to go on longer, the question is how long. You'd be very foolhardy to say how long that would be, but the fact is it did take years on the plus side," Bayer said.
The Dow Jones Industrial Average has lost about 10 percent since the start of the year, but gained over 16 percent between the start of 2005 and the start of 2007 alone.
"At the moment markets want to be bad and it's the financials leading the way … first of all it's perception and secondly, numbers coming through that is pulling the market down," Bayer said.
But stocks will eventually reach a level where investors will want to enter the market and buy, she said.
"There's a large cash over-hang, equity houses have a lot of money, eventually the banks will want to lend again," Bayer said. "Just at the moment I think that everyone is caught in the headlights and we have a lack of good news."
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes