Here is a mind blowing stat: Stocks have lost $11 trillion in market value since the October 2007 peak, according to Marketwatch.
This is based on the Dow Jones Wilshire 5000 index, which includes nearly every U.S.-listed stock. Losses since the start of 2009 are $2.6 trillion. Nearly half of all stocks in the index are now trading at less than $5, and 37% are under $3.
Nearly 50% of all stocks in the Wilshire 5000, the broadest index of U.S. equities, are trading for less than $5 per share, and 37% are under $3.
US Stocks Slip As Early Rally Evaporates
Peter A. McKay
March 6, 2009
U.S. Stocks Gain as Oil Helps Dow Jump 150 Points
Cristina Alesci and Rita Nazareth
Bloomberg, March 6 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.