Wow. Or, ouch.
Bespoke Investment Group notes that in less than two years, the market cap of the S&P financial sector has shrunk to $959 billion from nearly $3 trillion at its May 2007 peak.
Citigroup has lost in value close to 10 times its current market cap.
Source:
Parade of the Basket Cases
ALAN ABELSON
Barrons JANUARY 17, 2009
http://online.barrons.com/article/SB123215043364592063.html
