The Dow Jones industrial average is down one-third from its high a year ago.
How does that compare with previous downturns?
The stock market lost almost 90 percent of its value during the Great Depression. During the most recent bear market, which lasted from March 2000 to October 2002, the market lost about 50 percent.
Since 1926, there have been 18 bear markets, a situation usually declared when a stock index drops more than 20 percent from its previous peak.
During the average bear market, the Standard & Poor’s 500 index has declined 36 percent, according to the Leuthold Group, a Minneapolis investment firm.
Coincidentally, on Tuesday the S&P 500 was down 36 percent from its high on Oct. 9, 2007.
When will this Prime Minister do something show he cares about this unprecedented collapse more or less average decline in stock prices?