The market losses in 2000 and 2001 were just slightly below that range, so they should not have been shocking.

The market loss caused the huge surplus of grapes to be made into pisco and aguardiente.

Factor in market losses, too, and the fund's assets fell a total of 36 percent, to $174.1 million.

Even though Novartis earnings met most analysts' expectations, its stock ended lower on a day of deep market losses worldwide.

Therefore, even small market losses are small can be disastrous when there is a huge leverage.

Consequently, the diversification effect, which should protect a portfolio, melts away in times of market losses just when it would be needed most.

And on Wall Street, traders are still whispering about large market losses at some securities firms.

While the pension funds have lost value, there was no way to anticipate the market losses of the spring and summer.

The decline was caused by investors withdrawing from the fund following earlier substantial market losses.

"It's a way to get more money back into plans faster, to replenish the market losses that have occurred over the last three to four years."