The word is that most everyone has seen a 12% to 15% dip or so in holdings. Some have seen much worse, someone with huge investments in Bear Sterns, GM, or Fannie and Freddie to name a few.
FT.com: US stocks higher on economic data
US stocks rose on Wednesday as investors took heart from better-than-expected data on durable goods orders, in spite of a rise in oil prices as a result of concerns that tropical storm Gustav could disrupt supplies.
US stocks took their lead from data suggesting that demand for expensive manufactured goods unexpectedly rose in July while an indicator of capital spending by businesses leapt higher.
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