Today's headline in the Courier Mail was:
That is how much investors lost on the sharemarket yesterday.
Fair enough I guess. However the market is up today by a similar amount than it was down by yesterday. However I don't think that this will make headlines in the same way that a downturn does. It will be interesting to see where today's market recovery rates a mention.
That is one of the bias that an investor has to be careful of. Over the last 5 years sharemarkets have added many times what was lost yesterday for investors. The bad news has a tendency to make more news than ongoing good news.