The Entire World Is Going Bear Market


Photo: NASA

A scary aspect of this selloff: There’s nowhere safe.In London, the main index has just fallen 20% from its highs, entering official bear market territory.

Hong Kong is now off 23% from its highs — again, more bear market.

Brazil was off about 20% from its highs before its recent plunging. It’s now off about 31% from its highs.

Meanwhile, the S&P 500 is off just over 18% from its highs. So who knows we might get there today.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at