In nominal terms, the decline in the S&P 500 matches the Dow Crash of 1929 over the equivalent time frame. In real (inflation adjusted) terms, it has surpassed the Dow decline…Chart updated daily here..
The stock market tanked again this week and for 2009 has lost nearly a quarter of its value.
And it is only early March.. Some more perspective here..
For anyone who thinks this will be over soon, the derivatives (debt) market currently stands at $700 trillion whilst all of the underlying assets are still plunging in value. Oil supply constraints will make it unlikely for us to ever return to growth and for this money to be repaid so what happens to that $700 TRILLION?