BusinessWeek Online – The stock market is crashing — slowly, and in plain view of the people who count on it most. The 53% plunge in the Dow Jones industrials since October 2007 has wrecked the college- and retirement-savings plans of millions of investors. It has permanently lowered the long-term investment projections of private endowments and pension funds. It has sent corporate compensation experts scrambling to figure out how to reward top employees. All told, more than $10 trillion of stock market wealth has vanished, and with it the confidence that springs from financial security.
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[Source: Yahoo! News: Business]
Stock Markets: When Will the Bull Return?
(BusinessWeek Online)
March 6th, 2009 · No Comments
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