S&P 500 index (google Finance), the US bench mark index used by many mutual fund managers, dropped 38.49%. Even the greatest investor guru of our time Warren Buffett could not escape the bear attack, his holding company Berkshire Hathaway (NYSE:BRK.B) dropped 32%.
But the US investors should feel lucky, when compared to the Chinese investors. Shanghai composite index (SHA:000001), the benchmark index in China, dropped 65%.
Now I understand why Buffett he would rather live in the US 🙂
The following is from Yahoo Tech-ticker: