$3.17 TRILLION wiped off global stocks so far this year
The video interview with Bill Nichols with Cantor Fitzgerald, is telling us that this is not a crash or another 2008 incident. Well, that's good news!! Go to the site for that video. No one knows what's going to happen as we've been told by so many wise people. So, my advice to you is to always be prepared for any kind of emergency, disaster, weather, etc. It's wise to be prepared.
Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst.
It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year.
The sell-off this year, driven by renewed jitters over China's economy and a slump in energy prices, has pushed the S&P 500 index in correction territory, with the benchmark now down 11.29 percent from its May 21 closing high.
According to the veteran market commentator, U.S. stocks are now off $1.77 trillion, while overseas stocks are down $1.4 trillion.
Other analysts warned that the sogginess in stock markets may persist. In a research note on Wednesday, Albert Edwards, global macro strategist at Societe Generale, said the S&P 500 index was susceptible to a 75 percent plunge from current levels. ( source )