Tuesday, January 22, 2008

$5.16 trillion lost since New Year's Day.

$5.16 trillion lost since New Year's Day. $1.27 trillion was lost only in the USA. That doesn't include the other $3.88 trillion lost by the other major exchanges &mdash for a total of $5.16 trillion lost in the last three weeks (WSJ Marketbeat blog).

Market Cap Wipe-out
Source: Birinyi Associates

IndexCountryMarket Cap Lost (bil)% Change
S&P 500USA$1,279.7-9.7%
FTSE-100U.K.$484.5-15.6%
CSI 300China$402.3-12.3%
Nikkei 225Japan$369.8-12.9%
CAC 40France$336-16.3%
MICEX*Russia$268.7-26.6%
S&P/TSXCanada$266.7-16.2%
S&P/ASXAustralis$241.9-18.8%
DAXGermany$239.5-16.8%
Ibex 35Spain$185.3-20.4%
BovespaBrazil$170.3-21.2%
AmsterdamNetherlands$147.6-19.4%
Swiss MarketSwitzerland$119.7-12.7%
OMX StockholmSweden$116.6-17.5%
BSE SensexIndia$103.8-14.3%
Milan MIB30Italy$101.2-12.2%
FTSE/JSE AfricaSouth Africa$93.9-15.8%
OMX HelsinkiFinland$83.5-18.5%
OBX IndexNorway$76.6-25.7%
Merval**Argentina$73.5-13.5%

Junior came to Chicago right before his Middle East jaunt to tell us how strong the economy was.

It's like Katrina, but with money. Heckuva job, Georgie.