World bourses (Stock Markets) lost 5.2 trillion dollars in January

[Robbien]

Source: AFP

PARIS (AFP) — World stockmarkets lost 5.2 trillion dollars (3.6 trillion euros) in January thanks to the fallout from the US subprime crisis and fears of a global economic slowdown, Standard & Poor's said Saturday.

"If investors thought the market could only go up, January's wake-up call pulled them back into reality," the independent credit ratings' provider said.

Standard & Poor's said the world's equity markets lost a combined 5.2 trillion dollars as emerging markets fell 12.44 percent and developed markets lost 7.83 percent to register one of the worst starts to a new year.

"There were few safe havens in January as 50 of the 52 global equity markets ended the month in negative territory, with 25 of them posting double-digit losses," said Howard Silverblatt, senior index analyst at S&Ps.

All 26 developed equity markets posted negative returns in January, with 16 losing at least 10 percent of their value.

Read more: http://afp.google.com/article/ALeqM5gFCytl_9hgGZdhCYPN01fbFqosHg

[Warpy]

1. I lost the equivalent of 2 years wages as an RN

the last couple of years I worked. I was only working 24 hours a week by then, but still...

Sic transit glorious money, I guess.

I'm living off interest and dividends, not the paper value of the stocks or bonds, so I'm fine for now.

[thunder rising]

2. Who did they loose it too? fictitious money. The house of cards is worth-less 'cause nobody will

pay the ask price.

[Robbien]

3. Not so fictitious when you are going to be asked to pay higher local taxes

because your local government investment funds lost value.

Not fictitious when your pension plans or 401Ks lost value and your retirement is now a bit less secure.

Not fictitious when your company has to start laying off people because of the loss in assets.

etc.

[ConcernedCanuk]

5. It is "fictitious". - false value. The fact that people RELY on this doesn't make it a reality.

.
.
.

If I have 3 months of food in my house that is a REALITY.

If I have what I think is enough MONEY(stocks, bonds, whatever) for food for 3 months,

That is just wishful thinking.

See the difference?

[PSPS]

7. A very valid observation

The "loss" was nothing more than the result of having these worthless scam derivitive "investments" settling at their true worth. There was no real "loss" at all. It was all smoke and mirrors to begin with.

[RUMMYisFROSTED]

6. That's just Pie-In-The-Sky cynicism.

[12string]

4. Who did they LOSE it to

I know I'm nitpicking but I don't want this to look like a
freeper site.

[Cassandra]

8. Check under the bed...

it must be somewhere.

[Joe Bacon]

9. ...AND there's MORE TO COME...

:scared:

[khaos]

10. it's going to be quite entertaining watching the politicians act surprised

http://en.wikipedia.org/wiki/Dialectic#Hegelian_dialectic