Worldwide, a Bad Year Only Got Worse - NYTimes.com

Worldwide, a Bad Year Only Got Worse - NYTimes.com: "Stocks lost 42 percent of their value in 2008, as calculated by the MSCI world index, erasing more than $29 trillion in value and all of the gains made since 2003. Just about the only assets to prosper were government bonds of developed countries and gold, where prices rose as investors ran for cover."