Global Markets? I think so:

MSCI indices, consistent, and consistently bad news:

Developed Markets Standard Core (Price) as of Jul 07, 2008 Annualized Historical MSCI Index Last Day MTD 3 Mo. YTD 1 Yr 3 Yr 5 Yr 10 Yr EAFE 1,916.404 0.73% -2.58% -10.43% -14.95% -16.68% 9.74% 12.61% 3.20% EAFE + CANADA 1,896.394 0.47% -2.86% -9.77% -13.97% -15.24% 10.48% 13.26% 3.70% EAFE ex UK 2,149.531 0.61% -2.43% -10.44% -14.65% -15.57% 10.97% 13.59% 3.84% EASEA INDEX (EAFE ex JAPAN) 1,583.678 0.81% -2.79% -11.50% -16.64% -16.99% 10.62% 13.61% 3.34% EMU 227.835 1.38% -2.22% -13.16% -18.56% -17.03% 12.22% 14.59% 3.24% EMU ex GERMANY 226.822 1.28% -2.43% -14.45% -18.95% -18.77% 10.11% 13.31% 3.28% EU 456.387 1.29% -2.51% -11.98% -17.27% -18.41% 9.94% 12.99% 2.59% EURO 1,340.456 1.44% -1.87% -12.93% -18.78% -16.07% 12.31% 13.99% 2.97% EUROPE 1,767.365 1.13% -2.64% -11.69% -16.68% -17.83% 10.11% 13.08% 2.68% EUROPE GDP 2,231.512 1.24% -2.43% -12.40% -17.58% -17.33% 11.63% 14.94% 3.79% EUROPE ex EMU 178.263 0.87% -3.09% -10.07% -14.60% -18.63% 8.06% 11.61% 2.00% EUROPE ex SWITZERLAND 1,649.345 1.28% -2.55% -11.97% -17.17% -18.27% 10.01% 13.07% 2.66% EUROPE ex UK 2,008.722 1.11% -2.42% -12.29% -16.99% -16.55% 12.39% 14.99% 3.53% FAR EAST 2,922.409 0.59% -1.75% -7.03% -9.98% -14.51% 7.65% 10.15% 3.47% G7 INDEX 1,166.274 -0.20% -2.59% -9.02% -13.62% -16.56% 4.87% 7.59% 1.64% KOKUSAI INDEX (WORLD ex JP) 1,342.726 -0.22% -2.74% -9.91% -14.72% -16.42% 5.97% 8.71% 2.04% NORDIC COUNTRIES 5,802.486 1.19% -2.04% -11.30% -15.79% -16.79% 15.56% 18.92% 7.33% NORTH AMERICA 1,345.488 -0.96% -2.71% -8.70% -13.27% -16.01% 3.04% 5.81% 1.33% PACIFIC 2,375.612 -0.12% -2.44% -7.57% -10.95% -14.06% 9.00% 11.62% 4.65% PACIFIC ex JAPAN 1,242.294 -1.29% -3.73% -10.18% -16.38% -10.60% 14.35% 17.88% 10.15% PAN-EURO 1,278.435 1.14% -2.30% -11.31% -16.56% -16.74% 10.16% 12.57% 2.45% THE WORLD INDEX 1,364.976 -0.15% -2.65% -9.54% -14.09% -16.33% 6.03% 8.74% 2.10% WORLD ex AUSTRALIA 1,370.041 -0.07% -2.57% -9.55% -14.09% -16.47% 5.78% 8.49% 1.92% WORLD ex EMU 157.226 -0.46% -2.74% -8.77% -13.12% -16.19% 4.93% 7.74% 1.94% WORLD ex EUROPE 1,223.068 -0.77% -2.65% -8.45% -12.75% -15.58% 4.20% 6.88% 1.94% WORLD ex UK 1,350.256 -0.30% -2.59% -9.45% -13.86% -15.82% 6.03% 8.62% 2.21% WORLD ex USA 1,933.816 0.47% -2.86% -9.77% -13.97% -15.24% 10.48% 13.26% 3.70% EAFE FREE 252.068 0.73% -2.58% -10.43% -14.95% -16.68% 9.74% 12.61% 3.19% FAR EAST FREE 102.422 0.59% -1.75% -7.03% -9.98% -14.51% 7.65% 10.15% 3.43% PACIFIC FREE 121.335 -0.12% -2.44% -7.57% -10.95% -14.06% 9.00% 11.62% 4.62% PACIFIC FREE ex JAPAN 448.672 -1.29% -3.73% -10.18% -16.38% -10.60% 14.35% 17.88% 9.96% THE WORLD INDEX FREE 334.412 -0.15% -2.65% -9.54% -14.09% -16.33% 6.03% 8.74% 2.09% LC = Large Cap, MC = Mid Cap, SC = Small Cap Download results: Regional / Regional & Country