Equities: Dead, or Just Resting?

The meltdown has left many wondering about stocks. BW Contributing Editor Chris Farrell thinks reports of their demise are exaggerated
Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) in New York City. Spencer Platt/Getty Images

These are truly scary times. The stock market has lost some $11 trillion in value since its October 2007 peak. Blue-chip companies like AIG (AIG) and Citigroup (C) are now penny stocks, while General Motors (GM) and Las Vegas Sands (LVS) trade at less than 2 a share.

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