$9,500,000,000,000 Ouch. Thank you realtors. Thank you mortgage brokers. Thank you bankers. You f*cked the world.
This month's sell-off erased more than $9.5 trillion from the value of stocks worldwide, almost one-third of the total value erased this year, as credit-related losses and writedowns by financial firms approached $700 billion. The S&P 500 has slumped 34 percent in 2008.All but one of the 68 markets tracked by MSCI Inc. declined in October, with 37 losing at least 20 percent. Bulgaria, Peru and Argentina did the worst, plunging more than 36 percent.