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Politics : Ask Michael Burke
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To: Spekulatius who wrote (86592)12/10/2000 6:07:12 PM
From: Skeeter Bug   of 132070
 
spek, i'd argue that your city's dwellers WERE making money hand over fist in the market. many of them deumped their savings into a naz above 4k, as did at least one person on this thread. also, the 100% confidence that markets ALWAYS go up has been shaken. badly.

i continue to argue that the last 9 months have erased about all of the last 8 years' worth of market gains. how? if you buy 1 share low and buy 50 high, a 50% retracement wipes you out.
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