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From Silicon Valley… |
All told, about $7 trillion of shareholders’ wealth — the gains of the last six years — will be wiped out in a year marked by violent market swings.
via NYTimes.com.
I thought I would be diversified with international and emerging markets funds, but the decline of the U.S. markets also spread around the world. Even “safe” bonds may be in trouble. I can only imagine the nervousness of those holding bonds with GM.