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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (18956)2/21/2001 9:18:12 PM
From: jmac  Read Replies (1) of 24042
 
I'm 43 and i guess i can survive this although there are times that i am a bit overwhelmed by it all. I feel terrible for the guys who i know who are in their 60s and 70s who had their money invested in blue chip, solid companies only to see their retirement dwindle by 50%-75% in one year. these people are going to have heart-attacks and have lost a good deal of the quality of their life. and, i blame greenspan. he got too much credit and isn't getting enough blame. the last rate increase was totally stupid. then the oil price shock (an economic tax) and they do nothing. Now, once again, they sit. Wait til March. Consumer sentiment and wealth destruction is far wose than a "maybe we are on the way to a recession". the fed blew this big time and changed the face of america for the next 10-20 years.
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