Stocks have lost $11 trillion in market value since the October 2007 peak, 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.
Comment: If that's the case then I wonder how much farther stocks can fall? I mean I looked at charts last night. Eastman Kodak under $2, Dow Chemical under $7 stand out as examples. I mean what's left. I guess I just don't believe everything is going to zero. Today's Wall Street Journal headline of Dow 5000 may be the ultimate contrary or bottom signal.
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