The ghosts of 2007 are all around us


NEW YORK (Reuters) – There is no more mistletoe hanging above the markets.

The romance U.S. fund investors once had with the stock market was put to rest in 2018 when buy the dip turned into sell the rip.

For evidence, look no further than exchange-traded funds (ETFs), which hold baskets of stocks across the market and have been a primary buyer throughout this bull market.

In 2017, investors often added more cash to the funds when the performance sank. Stocks glided higher.


Dow falls to 14-month low, Nasdaq enters bear market, six of 11 S&P sectors are now more than 20% off of their most recent 52-week highs

Nasdaq enters bear market 

The Dow Jones Industrial Average fell 464.06 points to 22,859.6, bringing its two-day declines to more than 800 points and its 5-day losses to more than 1,700 points. The S&P 500 fell 1.5 percent to finish at 2,467.41 as technology stocks underperformed. The Nasdaq Composite fell 1.6 percent and closed at 6,528.41, briefly dipping into bear market territory amid big losses in Amazon and Apple. The Nasdaq is 19.7 percent below its recent high. Companies in the S&P 500 have lost a total of $2.39 trillion in market cap this month. The Cboe Volatility Index — one of the market’s best gauges of marketplace fear — rose above 30.

Japan’s central bank chief signals room to boost stimulus as economic …

Reuters6 hours ago
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda warned of heightening risks to the economic outlook and signaled the central bank’s readiness to …

Corporate Debt Crises Could Come Faster and Harder in 2019

Bloomberg35 minutes ago
At first glance, 2019 might look like a quiet year for distressed-debt investors, … Executive Officer Leon Black, who says credit markets are in “bubble status.” …

S&P 500 Suffers Worst Fed Rate-Decision Day Since 2011

Bloomberg18 hours ago
… after Standard & Poor’s downgraded the U.S. sovereign debt rating. The hike marked only the third time since 1980 that tightening occurred when the S&P 500 …

Italy Bonds Fail to Lure $2 Trillion Investors After Budget Deal

Bloomberg10 hours ago
Some of the world’s biggest bond investors are shunning Italy’s debt even though … bonds look more attractive than sovereign bonds based on expected returns.

Puerto Rico bankruptcy to grind on with cramdown possible

Reuters21 hours ago
Puerto Rico has been in federal court since May 2017 trying to restructure roughly $120 billion in public debt and unfunded pension liabilities under a form of …

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.