In one particularly horrific week for local shares in October 2008, the market fell 16.4 per cent. “It is difficult to see an end to this,” AMP Capital Investors’ head of Asian equities Karma Wilson said at the time. The ASX has just suffered through a disastrous October, its worst month since 1987.
What stocks went up in 2008?
Key Takeaways
| Top 10 Stocks in the S&P 500 by Total Return During 2008 | ||
|---|---|---|
| Company Name (Ticker) | 1-Year Total Return | Industry |
| Dollar Tree Inc. (DLTR) | 60.8% | Discount Stores |
| Vertex Phamaceuticals Inc. (VRTX) | 30.8% | Biotechnology |
| H&R Block Inc. (HRB) | 25.8% | Personal Services |
How long did it take for the ASX to recover from the GFC?
The index has gained ground in 11 of the past 12 months to recover about $700 billion in value, thanks to low interest rates, a record tide of stimulus and vaccine optimism.
How much did ASX drop during GFC?
The falls occurred on all financial markets. The Dow Jones lost 22.6% of its value in one day, around US$500 billion. The Australian sharemarket lost around 25% that day and 41.8% of its value by the end of October.
When did the stock market crash in 2008?
The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intra-day trading. Until 2018, it was the largest point drop in history. It plummeted because Congress rejected the bank bailout bill.
What happens if I Sell my stock for 50% loss?
Think about it in dollar terms: a stock that drops 50% from $10 to $5 ($5/$10 = 50%) must rise by $5, or 100% ($5 ÷ $5 = 100%), just to return to the original $10 purchase price. Many investors forget about simple mathematics and take in losses that are greater than they realize.
What was the worst stock in the S & P 500 in 2008?
On the other side of the equation, three of the worst-performing stocks in the S&P 500 in 2008 were American International Group Inc (NYSE: AIG), XL Group plc (NYSE: XL) and Genworth Financial Inc (NYSE: GNW), each of which declined between 88 and 97 percent in 2008. The common thread among these three names is easy to spot.
What was the high of the stock market in 2007?
On Oct. 9, 2007, the Dow hit its pre-recession high and closed at 14,164.53. By Mar. 5, 2009, it had dropped more than 50% to 6,594.44. Although it wasn’t the greatest percentage decline in history, it was vicious. The stock market fell 90% during the Great Depression.
