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To: TimF who wrote (24009)8/17/2001 7:33:50 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
Tim, you are right. It was my mistake. I said "gains" when I should have said "earnings". The losses reported over the last 12 months by companies listed on the Nasdaq have wiped out all the collective corporate profits for these companies since September 1995.

If they had also lost all their gains, then we would be at 1050 right now!

Thanks for pointing out the error.