The Bear Settles In.
Kiplinger's Value Added Web Column, March, 2001
Byline:Steven Goldberg, Kiplinger Washington Editors Monday's bloodbath put Standard and Poor's 500-stock index squarely into a bear market, joining the tech-laden Nasdaq, which is down a breathtaking 61.9% from its peak a year ago. The Dow Jones Industrial Average is the only major stock index not in the tank.
Even though it tumbled a painful 436 points on Monday, it's down just 7.7% since October. A bear market is defined as a 20% or greater market decline.The S&P 500, which tracks the 500 largest companies, has flirted with the bear recently, but now -- with the index off more than 22% from its peak -- it's official. This is the first time the S&P has entered a bear market since 1990 -- and that one saw the S&P dip just 19.9%. A mere...
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