10 Scary Numbers from Q4 2012

There were plenty of disconcerting statistics during the last three months

Jeremy Glaser 8 January, 2013 | 6:00AM
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The fourth quarter of 2012 was dominated by several big news items such as the US election and the fiscal cliff. Despite some bumpiness along the way, most global markets were solidly higher for the year. But as implied by the volatility in the market, there were still plenty of things to draw investor concerns. Every quarter, I take a look at some scary numbers that jumped out at me. Here are some notable ones for the most recent three-month period.

1.01: Price/fair value ratio for all 200+ UK and European stocks rated by Morningstar's analysts. Stocks as a whole are fully valued, meaning investors aren't getting a margin of safety to protect themselves if anything goes wrong. Not a reassuring thought. 

0.2%: Estimate for the eurozone's growth rate in 2013 according to an October report by the IMF. This is already down from July's estimate of 0.7%. This could very well move lower as European economies continue to struggle. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
HP Inc28.86 USD0.91Rating
Microsoft Corp308.23 USD0.31Rating
UBS Group AG15.94 CHF0.13Rating

About Author

Jeremy Glaser  is markets editor for Morningstar.com, the sister site of Morningstar.co.uk.