28 Sep 2022
Market Metrics: Dow Jones Industrial Average (DJIA)
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It is official.
Financial asset prices have crashed and we are now in a bear market.
The DJIA fell to a new overnight close of 29,135 points which is a 20.8% fall from recent peak.
Surprisingly, our ASX200 is still at correction levels with asset prices having just fallen 14.8% from recent peak given yesterdays 6,496 point close.
The last bear market took place in March 2020 which was only 2.5 years ago when asset prices fell an average of 37%.
Could current prices fall as they did in 2020, absolutely but historically quality assets rebound quickly when prices have fallen by 20% and over.
If you want to take advantage of this asset price crash (or have family, friends, colleagues that want to take advantage) please contact us.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.