Describe the bear market of 2008 through early 2009 and the trend of stock prices in subsequent years
What will be an ideal response?
Answer: During the period 2008 through early 2009, stocks suffered some of their steepest declines in stock market history. From October 2007 to March of 2009, U.S. stocks lost half their value and the S&P 500 index declined by 36% in 2008 alone. Similar declines were experienced in all the world's major markets. Stocks such as GE, that had increased dividends for years , had to cut their dividends. However during the 2009-2011 period stocks more than doubled in value and many corporations restored all or part of their dividend payments. The bull market continued through 2014 with only a few brief corrections. (The summer of 2015, however did see substantial declines in the major indexes.) Historically, stocks are quite risky and periodically subject to large declines, but patience is rewarded by higher rates of return than what is available from less volatile investments.
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All of the following statements are true except:
a. IFRS requires that estimates of residual value and the life of the asset be reviewed at least annually and revised if necessary. b. The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually. c. IFRS does not have a specific rule that requires residual value and asset life to be reviewed annually. d. The FASB generally requires operating assets to be recorded at acquisition cost, less depreciation, and the assets' values are not changed to reflect their fair market values or selling prices.
The quality of interviewing should be evaluated in terms of ________
A) interpersonal skills displayed during the interview B) the ability to record all replies verbatim C) the manner in which the interview is terminated D) A and C are correct.
On June 30, 2014, Island Inc had outstanding 1 . percent, $1,000,000 face amount, 15-year bonds maturing on June 30, 2019 . Interest is paid on June 30 and December 31 . and bond discount and bond issue costs are amortized on these dates. The unamortized balances on June 30, 2014, of bond discount and bond issue costs were $55,000 and $20,000, respectively. Island reacquired all of these bonds at
96 on June 30, 2014, and retired them. Ignoring income taxes, how much gain or loss should Island record on the bond retirement? a. Loss of $15,000 b. Loss of $35,000 c. Gain of $5,000 d. Gain of $40,000
Notices of funding availability are published in the Federal ______.
A. Register B. 1-800 hotline C. telephone registry D. directory of assistance