The MSCI World        — down 28%, YTD — 13.2x the earnings, lowest since 1995
Europe’s Stoxx 600    — 10.4x earnings, the lowest since 2002
S&P 500                    — down 34% since 10/2007 — 20.9x earnings, and 19.5x at the end of the day

—Bloomberg

Opening Comments from Across the Curve