According to information found at The New York Times, the total value of all the shares of every stock dropped $4 trillion from October 9, 2007, to September 12, 2008, a loss of 20.9%.
The total value of financial sector stock shares dropped from $1.86 trillion to $980 billion, or a loss of 47.3%.
How’d you do?
I pulled our entire retirement account out of mutual funds and put it in an interest bearing account in late October ’08. Reading Eschaton’s posts on the derivatives based on bad mortgages was the driving factor in doing more research. I should probably send him a check. I’ve actually made 5% rather than losing 30% of the value.