Japan’s major index, the Nikkei 225, has lost $250bn US in equity value in a single day, it’s biggest decline since 1987.  The $250bn represents 9.4% of the total value.  The global credit crunch has prompted massive sell-offs world wide, causing most major indices to decline significantly in value.

On the home front, the JSE lost 7.3% of it’s value on monday, and looks set to close in the red again today.  All these figures once again prove how volatile the stockmarket can be, and should be a clear indication that  stocks should be viewed as long-term investments.  I wonder how much money daytraders have lost during the last couple of weeks.

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