The stock market is down 40% since its peak, roughly one year ago. Some have been hurt more than others, check out this list from Vanity Fair, published October 9th, 2008:
The Dow Jones Industrial Average established its all-time high of 14,279. Friday morning it will open at 8,579—a 40 percent drop.
Scary! What’s worst, is that in the month since that article, things have gotten worst, the Dow closes below 8,300 yesterday, Nasdaq is at a level of 1,500.
Check out the list here:
Chalk one up for diversification.