The Share Bear Market - March 2008

Share markets have had terrible falls since October/November last year. This has thrown up a whole bunch of questions. Why have Australian shares fallen more than US shares? Will the Fed’s latest attempt to counteract the credit crunch work? Have we hit bottom? If not, then when? And why, what with all the problems around, won’t the bear market be long and drawn out? This note attempts to address these issues amongst other things. But first some background.