Tuesday, November 4, 2008

5.79 trillion USD evaporated from world stock market in October 2008

Standard & Poor's Index Services announced that 5.79 trillion USD evaporated from the world stock markets in October 2008, much higher then the 4 trillion USD in September 2008. This is the worst performing month in history. S&P estimates that investors in the first 10 months of this year lost 16.22 trillion USD.

But S&P senior analyst Howard Silverblatt pointed out that in the last 5 months, the US stock market is one of the better performing ones. This makes US stock market share globally to increase from the 40.5% in May to 45.9% now.

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