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January 1, 2009
A Year to Forget
The Mercury News has the details on the Wall Street's annus horribilis:
The Russell 3000, which covers 98 percent of investable equities, shed $6.7 trillion or 39.7 percent of its value during 2008.
The S&P 500 was down 38.5 percent, its worst performance since 1937.
The Dow Jones industrial average was off 33.8 percent — the worst return since 1931.
The five worst-performing stocks in Silicon Valley all lost more than 90 percent of their value.
Every single technology index fell this year. Biotech did the "best," with a 17.7 percent drop; Internet, computer, networking and semiconductor stocks all were down more than 40 percent, and disk-drive stocks were off nearly 61 percent.
Posted by edelfenbein at January 1, 2009 4:03 PM
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