It has been a poor year for the markets. The MSCI world stock markets index fell by 8.5% in 2011, and the index for developed markets fell by 7.6%. The euro area’s biggest economies fared particularly badly, with markets in Italy, France and Germany down by 25%, 17% and 15% respectively. But the prize for the worst performing of the stock market indices we track each week goes to Greece, which decreased by over 50% during the year.



SPECIAL NOTE: Be sure to register now for Gary Kaltbaum’s next live Webinar on Saturday January 21, 2012. He will talk about the important implications of early-January’s market action…and much more.  Click here for more information

Gary Kaltbaum

Published by Gary Kaltbaum


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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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