Thằng chuyên đào tạo, tư vấn các CP về kinh tế, tài chính, đầu tư...cũng đã đứt 22%

From Bad to Worse

"As bad as you think it is, it''s worse... unemployed people can''t spur economic growth." That was Diane Garnick of Invesco''s grim outlook yesterday for the U.S. economy through early 2009. And while those macro skies continue to darken, the market bear seems to drag a big, fresh, bloody institutional victim back to its **** every week or so. Banks, insurers, hedge funds, automakers - and now America''s premier institute of higher education, Harvard University, is bleeding (crimson) red.

Officials in Cambridge announced this week that "Harvard''s endowment - the largest in higher education - fell 22 percent in four months from its June 30 value of $36.9 billion, marking the endowment''s largest decline in modern history." Now, endowments have been a darling of the finance world for the past few years, closely observed and often emulated as stars such as Yale''s David Swenson used alternative investment strategies and heavy bets on particular asset classes to post remarkable returns. So market bloggers were anxious to weigh in on the significance and lesson of this loss:

Khi bạn nghĩ 260 là đáy tiếp theo thì thực ra đáy của VNI còn thấp hơn nữa đấy...Khi bầu trời vĩ mô xám xịt, suy thoái kinh tế là điều bất khả kháng thì TT con gấu sẽ lần lượt lôi xác những NĐT máu me nhất về hang của nó...