Facts That Make A Difference
1. GAME 7 ROAD VICTORY – Winning the 7th game to win the title on the road is a rare event for Major League Baseball, the National Hockey League, and the National Basketball Association. In fact, the last time it happened prior to the Pittsburgh Penguins’ game 7 victory in Detroit was 30 years ago – the Baltimore Orioles lost in game 7 to the PITTSBURGH PIRATES in Baltimore(source: the SVCC locker room).
2. VOLATILITY - After rising +97% in 2007, the Chinese Shanghai stock index lost 65% in 2008. The foreign stock index has rebounded in 2009, up +51% YTD through last Friday’s close of business. The Shanghai index is an unmanaged index that is generally considered representative of the Chinese stock market (source: Shanghai Exchange).
3. SENIOR DEBT - 36% of households headed by an individual aged 65-74 have an outstanding home mortgage or a home equity loan. Twenty years ago (1989), only 21% of these households had such debt (source: Federal Reserve).
4. OUT OF BALANCE - The average American homeowner had $1.41 of mortgage debt for every $1 of home equity as of 3/31/09 (source: Federal Reserve)
5. CLIMBING BACK - 53% of adults surveyed believe it will take them at least 5 years from now to grow their net worth back to the level it had reached in late 2007 (source: AlixPartners, USA Today).
2. VOLATILITY - After rising +97% in 2007, the Chinese Shanghai stock index lost 65% in 2008. The foreign stock index has rebounded in 2009, up +51% YTD through last Friday’s close of business. The Shanghai index is an unmanaged index that is generally considered representative of the Chinese stock market (source: Shanghai Exchange).
3. SENIOR DEBT - 36% of households headed by an individual aged 65-74 have an outstanding home mortgage or a home equity loan. Twenty years ago (1989), only 21% of these households had such debt (source: Federal Reserve).
4. OUT OF BALANCE - The average American homeowner had $1.41 of mortgage debt for every $1 of home equity as of 3/31/09 (source: Federal Reserve)
5. CLIMBING BACK - 53% of adults surveyed believe it will take them at least 5 years from now to grow their net worth back to the level it had reached in late 2007 (source: AlixPartners, USA Today).
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