According to the announcement, measured in dollar change to investor held equity accounts, the October loss of the 52 global equity markets was 45% above that of September when markets lost a then-record $4 trillion. Standard & Poor’s estimates that investors have lost $16.22 trillion year-to-date through October.
“Overlooked, however, is the fact that the U.S. market has been one of the better performing markets over the past five months – although the losses are substantial,” said Howard Silverblatt, Senior Index Analyst at Standard & Poor’s, in the announcement. “To some extent, the much higher expectations of non-U.S. growth, as well as the expected U.S. decoupling, have caused a much stronger market decline abroad. As a result, the U.S. now represents 45.9% of all global equity issues, compared to 40.5% at the end of May.”
More information is at www.standardandpoors.com .
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