March 03, 2009 at 09:00 AM EST
Markets Still in the Maw of the Bear
A great deal has been said in the media about the performance of stock markets in February. In the face of unrelentingly dismal economic reports this article serves to put market movements around the globe in perspective. After the worst January (-8.8%) on record the Dow Jones Industrial Average closed February (-11.7%) in the third worst position after 1933 (-15.6%) and 1920 (-12.5%). Also the Dow’s decline marked its sixth consecutive month in the red. Bespoke pointed out that losses during this period (-38.8%) were much larger than in any of the other seven losing streaks of 6 months or ...
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