Mega-trend 5: Biggest fall in global stockmarkets
30th Dec 08, 7:00am
The 2008 fall in stock market prices is the biggest stock slump since 1931/32. The US Dow-Jones industrial average, and index of the 30 key industrial stocks, is down 44% and broader S&P 500 index has fallen 51%. These are huge falls, wiping out $trillions in shareholder value, no matter what currency you measure it in. And they have been mirrored in other stock markets around the world. But the current falls, as big as they seem, are on-going. For comparison. the total collapse of equity prices in 1931-1932, top-to-bottom was a massive 88%.