20% Of European Stocks Are In Bear Market

The correction in Europe has been swift and broad. 20% of the MSCI Europe index are at least 20% off their 200-day high or put another way 20% of all European stocks are officially in a bear market. Almost two thirds of all European stocks are at least 10% of their 200-day highs. Finally, perhaps the most eye opening stat of all is nearly half of all European stocks are at least 10% lower than their 50-day high.