Fortune reports that: “The S&P 500 Index has plunged 10.5% since the first trading day of 2016, erasing $1.78 trillion in value for investors, says S&P’s Richard Peterson, a senior director of Global Markets Intelligence. On average, investors have lost a collective $57 billion per trading day this year. Ouch. That’s roughly equal to the GDP of Canada in 2014.” For investors that stay the course or in accumulation stage, this is a happy news as stocks are now cheaper to buy. If you think long, stocks aren’t as risky as you think so stick with your investment policy statement. (fortune.com)
Stock Market Investors Have Lost $1.78 Trillion So Far This Year
Investors Have Lost $1.78 Trillion