US Bear Market Losses: $11 Trillion Dollars

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 c2a0wilshire-5000-wfivxc2a0c2a0-300x212.gif

Sources: 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

Originally published at The Big Picture blog and reproduced here with the author’s permission.