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This is now officially the worst start of the year for stocks in nearly 80 years. January
had the
biggest fall for any January in history, February was another horrendous month for equity
markets around the world and, at the time of this writing, March is shaping up no
differently.
After a sickening 37% decline in 2008, the S&P 500 is now already down 25% for the year, the
New York Stock Exchange Index has collapsed 34.6% and the US banking index is down a
staggering 60%. We ran a modest net long most of last month and still lost a most
disappointing 4.6% on the month.
Keywords; Officially, Stocks, Markets, Stock Exchange Index,Investment, Traxis Fund
Fund Letters
