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Jun 11 2008 11:57AM EDT

Chart of the Day: US Capitalization

From Bespoke Investment Group:

worldmarketcap.jpg

That's quite an astonishing decline: As recently as 2004, the USA had 45% of the world's market capitalization. Today, it's less than 30%. Remember that, the next time someone tells you that the S&P 500 "is" the market.

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