Terrible third quarter by the numbers, and what to do now Looking at your quarterly fund statements when they arrive in the next few weeks is going to feel like rubbernecking at a traffic accident; you won’t be able to stop yourself from staring at the wreckage. That’s what happens when the average domestic equity fund loses roughly 7.5% of its value over three months, during a stretch when the market made headlines for its wild daily and weekly swings.