The S&P 500 has now dropped 26 percent since its October 2007 peak, erasing half the gains from the five-year bull market. Between Oct. 9, 2002, and Oct. 9, 2007, the S&P 500 doubled, from 776.76 to 1,565.15; after yesterday’s 4.7 percent plummet, the index stands at 1,156. Since the S&P 500’s peak, stocks worldwide have lost $18 trillion in value. (Bloomberg)
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September 18, 2008
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