More than €4bn was wiped off the value of Irish shares today as a fresh wave of uncertainty hit the stock market.
The continuing slide has knocked 5% off the value of pension funds so far this year.
Pension experts Mercer have described November as a terrible month for retirement funds.
Stockbrokers predict the steep fall in shares will continue.
The fresh wave of turbulence washed over financial markets after the economic growth forecast in the US was bleaker than thought.
At the same time the price of a barrel of oil is just below the psychological barrier of $100 a barrel at $99.29.
