Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (146390)	8/27/2002 10:21:47 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Well said on the first point. Interesting info on the second. Never would have guessed it was that high, though now that I think about it, both my mom and my mother in law have lived in the same houses for 40+ years and paid off the mortgages years ago. I doubt that's unusual among the AARP-eligible demographic, especially those old enough to remember the depression. Thanks for the factoid.

To: Victor Lazlo who wrote (146390)	8/27/2002 10:57:05 PM
From: GST	Read Replies (1) \| Respond to of 164684

"The notion of every 55 yr old now being broke because of tech stocks is a big myth" I can't speak for every 55 year old -- but I can tell you a lot of people I know lost money, and with so many trillions off the top, somebody lost money. A lot of people have mutual funds and funds mediation through institutions -- this is not a direct effect but it is an an effect just the same. People are worried about something -- they are less confident and their confidence dipped sharply as the market declined in recent months.

To: Victor Lazlo who wrote (146390)	8/28/2002 1:39:31 PM
From: re3	Read Replies (2) \| Respond to of 164684

victor i can tell you there are retired teachers sniffing around for supply work, and mumbling about how "the portfolio made them do it"...and these are people with a fairly decent pension coming in...how many of those mutual funds were calculating how much people needed to retire, and how many of them will show a calculation that while these people would be far far away from that magic number under any scenario, they'd be a whole heck of a lot closer had they STAYED AWAY from these mutual funds...