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.
Wilshire 5000 October 2007 to March 2009
Sources: US Stocks Slip As Early Rally Evaporates Peter A. McKay March 6, 2009 http://tinyurl.com/11trillion
U.S. Stocks Gain as Oil Helps Dow Jump 150 Points Cristina Alesci and Rita Nazareth Bloomberg, March 6 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=aOMoW1aQ6dsk&
Originally published at The Big Picture
blog and reproduced here with the author’s permission.