AN OCTOBER TO FORGET

摘要

There was nowhere to hide in October,and capital markets were largely shut for all but established issuers able to tap the debt market.Equity issuance collapsed amidst a brutal selloff of domestic and international markets.The S&P 500,down 6.9%,had its worst October since 2008.Stocks around the world lost about $4.5 trillion in value,based on data from S&P Dow Jones Indices.