Is the massive hit from Rudimental. These days are indeed painful, as the slump in global stock markets, has been big enough to wipe out the combined GDP of the UK and Canada.
More than US$5.2 trillion worth of capitalisation has been wiped out.
The sad part is, these days are not going to go away soon. This is just the tip of the iceberg, as the market will soon fall into bear territory.
Time has the story, on how much has been lost thus far. Read below :
Major stock market indices may be back up Friday, but the recent correction didn’t come without its pain.
Between the market’s record high on Jan. 26 and when the Dow Jones Industrial Average and S&P 500 entered correction territory Thursday, global markets (as measured by the S&P Global BMI index) shed $5.2 trillion. That’s according to data from S&P Dow Jones Indices’ Howard Silverblatt. That amount exceeds the gross domestic production of the U.K. and Canada combined. In 2016, Canada’s GDP clocked in at $1.5 trillion, while the U.K.’s came in at $2.7 trillion.