Financial World has everyone on Caution

I'm sure some of you out there did received an email regarding the financial institution meltdown over the last year. In fact, this is a very interesting piece of info. It shows that the financial world is at a very unstable state and a worry one. No doubt, US played the major role in influencing the other part of the world (you can see the evidence of our own stock market). The list shown below are....US owned companies...

Following is a list of the losses in market capitalization for 25 of the biggest financials since their rough peaks in October 2007 towards end of that year. Keep in mind that these companies are not exactly emerging small cap coys but rather blue chips.

These big losers include:

1. A I G -Then: $178.8 billion... Now: $5.46 billion. Down 96.95%

2. Bank of America -Then: $236.5 billion... Now: $123.4 billion. Down: 47.82%

3. Citigroup -Then: $236.7 billion... Now: $76.34 billion. Down 67.75%

4. Merrill Lynch - Then: $63.9 billion... Now: $30.2 billion. Down 52.74%

5. Fannie Mae - Then: $64.8 billion... Now: $0.45 billion. Down 99.3%

6. Morgan Stanley - Then: $73.1 billion... Now: $41.1 billion. Down 43.78%

7. Wachovia - Then: $98.3 billion... Now: $19.44 billion. Down 80.22%

8. JP Morgan Chase - Then: $161 billion... Now: $130.2 billion. Down 19.13%

9. Capital One Financial - Then: $29.9 billion... Now: $16.9 billion. Down 43.48%

10. Washington Mutual - Then: $31.1 billion... Now: $3.64 billion. Down 88.3%

11. Lehman Bros. - Then: $34.4 billion... Now: $0.80 billion. Down 97.6%

12. Goldman Sachs - Then: 97.7 billion... Now: $40.6 billion. Down 58.7%

13. Wells Fargo - Then: $124.1 billion... Now: $111.25 billion. Down 10.35%

14. National City - Then: $16.4 billion... Now: $2.8 billion. Down 83%

15. Fifth Third Bancorp - Then: $18.8 billion... Now: $7.9 billion. Down 57.6%

16. American Express - Then: $74.8 billion... Now: $37.5 billion. Down 49.87%

17. Freddie Mac - Then: $41.5 billion... Now: $0.16 billion. Down 58.7%

18. Suntrust Banks - Then: $27 billion... Now: $16.07 billion. Down 58.7%

19. BB&T - Then: $23.2 billion... Now: $18.4 billion. Down 20.69%

20. Marshall & Ilsley - Then: $11.6 billion... Now: $4.48 billion. Down 61.3%

21. Keycorp - Then: $13.2 billion... Now: $5.68 billion. Down 56.97%

22. Legg Mason- Then: $11.4 billion...Now: $4.96 billion. Down 56.49%

23. Comerica- Then: $8.3 billion...Now: $4.74 billion. Down 42.89%

24. Countrywide Financial: Then: $11.1 billion...Now: $0.00 billion. Down 100%

25. Bear Stearns- Then: $14.8 billion...Now: $ 0.00 billion. Down 100%

No wonder local paper this morning revealed that the volume in trading of share market has dropped tremendously over the past year...