{"id":9822,"date":"2008-11-29T00:19:29","date_gmt":"2008-11-29T00:19:29","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/notable_and_quotable_28_november_2008\/"},"modified":"2008-11-29T00:19:29","modified_gmt":"2008-11-29T00:19:29","slug":"notable_and_quotable_28_november_2008","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=9822","title":{"rendered":"Notable and Quotable"},"content":{"rendered":"<p>So far, this has been one of the most severely destructive bear markets in history. Almost no asset class has been spared. Stocks, commodities, housing, bonds have been battered. All the famous investors have been slaughtered &#8212; Buffett, Pickens, Icahn, Adelson. Of the 500 stocks in the S&#038;P 500, only 13 are up for the year. The Legg Mason Value Fund, which boasts the longest streak of beating the S&#038;P 500, is down over 65% this year, the third year that the fund has under performed the S&#038;P. According to Investor&#8217;s Business Daily&#8217;sMutual Fund Index, the average growth fund is now down for the year around 44%. My own guesstimate is that the average US investor has lost over 50% of his or her assets so far this year.<\/p>\n<p>&#8212;<a href=\"http:\/\/49chevy.blogs.com\/home\/2008\/11\/oh-now-i-feel-much-better-.html\">Richard Russell, author of the Dow Theory Letter&#8221;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So far, this has been one of the most severely destructive bear markets in history. Almost no asset class has been spared. Stocks, commodities, housing, bonds have been battered. All the famous investors have been slaughtered &#8212; Buffett, Pickens, Icahn,<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=9822\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,599,596],"tags":[],"class_list":["post-9822","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9822"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9822\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}