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That set off a wave of selling in markets around the world, causing stocks, bonds and other investments to tumble in value.
The one opposite was found in a survey by the Las Vegas Review-Journal to have sold for $249,000 at the peak of the market, only to tumble in value to little more than $26,000.
They are parents who have always paid their private school tuition bills on time, and now they have seen their stocks tumble in value, their year-end bonuses evaporate and their clients disappear.
Investors say hedge funds that bet the euro would tumble in value against the dollar, as countries in the euro zone came under pressure from high debt levels and low economic growth, had losses as the euro rose against the dollar.
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Companies who profit from selling annuities have tumbled in value.
Like lenders, insurers' assets include shares and securities that have tumbled in value.
There are growing signs, however, that float fatigue has set in after several market debutantes tumbled in value.
My flat in Birmingham has tumbled in value, but everything else is going down at the same time.
CLOs have also been battered as the leveraged loans they are linked to have tumbled in value.
Meanwhile houses, most Americans' biggest asset by far, are tumbling in value at a pace that exceeds that seen in, yes, the Great Depression.
S.& P., Moody's and Fitch Ratings have drawn criticism for assigning their highest grades to securities tied to subprime mortgages, only to downgrade them later as defaults surged and the investments tumbled in value.
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