Stock markets loses $2.8 trillion so far


Since the stock market slide that began on July 22, the Wilshire 5000 Total Market Index has lost a reported $2.8 trillion. When the Dow Jones and the Index fell 520 points on Wednesday, $600 billion of that $2.8 trillion went up in smoke.

“Reacting to these ups and downs and sideways swings can actually do more harm than good for most investors,” said Chris Phillips, a senior investment analyst with Vanguard who warned investors and retirees alike not to panic.


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