Of course I'm sure about it. The Qs are way down, but so is the entire market. You have to look at the money people saved by going to 65% cash in 2000, even if they did put half that cash back into the QQQs.
A person with $100,000 in stocks went to just $35,000 in stocks before going into the QQQs. Even if he put $32,500 in the QQQs later, he had about a third of his money in money market during the big market drop in 2001-02. Even if he lost half the $67,500 in stocks, that is only $33,750 lost by the end of 2002.
A person who just kept the $100,000 in stocks went down to about $50,000 by the end of 2002.
I'm not saying that no brinker follower got hurt financially. I'm just saying no Brinker follower got hurt worse than the typical buy-and-holder, even if he put the full 50% into the QQQs. It was a bad time for just about everyone, brinker follower or otherwise, just like the current times. |
