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To: KeepItSimple who wrote (78527)3/11/2001 4:34:59 PM
From: yard_man  Respond to of 436258
 
Got to remember there is some fraction that has little or no exposure to equities at all, when you get that mean ... talk about transfer of wealth -- these folks didn't even get the chance to dream a little and they will pay dearly ...



To: KeepItSimple who wrote (78527)3/11/2001 4:35:51 PM
From: Perspective  Read Replies (2) | Respond to of 436258
 
<AVERAGE HOUSEHOLD lost $45,000 dollars investing in dot.coms.>

I doubt *that*, but I can easily see how the average houshold has lost tens of thousands of dollars in this bear already:

$4 trillion market cap erased / ~100 million households = $40K per household

This ignores international investors and just uses round numbers, but it's in the ballpark. And if THAT doesn't cinch a recession, I don't know what possibly could...

BC


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