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To: Ilaine who wrote (78570)	3/11/2001 9:10:31 PM
From: Just_Observing	Read Replies (1) \| Respond to of 436258

But most of the money that rolled out of the Nasdaq into the NYSE or into bonds or into money markets or into gold. The number of stocks in the NASDAQ has gone up since last year. And their value has gone down by nearly 60%. So nearly 4.2 trillion (plus the value of IPOs minus the stocks which have migrated to the NYSE) has gone to money heaven (or hell if you prefer). For every seller of the NASDAQ, there was a buyer. So $4.2 trillion has been destroyed. But there is a 3 to 5% short position in the NASDAQ. That may have made around $100 billion. So the net loss is still around $4.1 trillion. On the other hand, several 100 billion dollars in call options and leaps were also lost. I would guess that the net loss is $4.2 to $4.5 trillion.