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To: Bill Cotter who wrote (5918)	10/7/2002 8:54:41 PM
From: Proud_Infidel	Respond to of 95515

Speaking of losing money, I have lost a lot in a fund I started last May in my 403b at work. I started investing last March in the fund(Fidelity Select Technology). It was trading at $77+ one year AFTER the market had started its fall. Today it closed at $29. Don't be fooled by hawkers attempting to sell you a fund they claim mitigates risk. This diversified fund underperformed the Nasdaq by a good measure, and I still had to pay fund expenses..... finance.yahoo.com

To: Bill Cotter who wrote (5918)	10/7/2002 9:12:43 PM
From: michael97123	Respond to of 95515

Hu Bill, A couple of points. 1. $3000 should be adjusted up from its inception using rate of inflation. Probably get to $15-20k 2. How about double tax dividends. Should go to. 3. Shorten long term period back to 6 months from one year to encourage stock buying. 4. This is a reversal for me. Allow Social Security to invest in stocks a la state pensions. My belief is that saving the market should be job 1 of Fed/US govt. The cascade down is in itself destroying this economy if allowed to continue. Market needs to be up to save christmas season. Brian talking about his mutual funds reflects thousands of unsophisticated investors(brian not included) who are looking at their IRAs, 401Ks, 403Bs which started arriving today. The panic will first begin if the decline does not stop soon. September is the worst market month historically and october gives us crashes and reversals. Think we have come down enough. Time for Reversal. mike PS Whether one agrees with bush policies or not(and i dont want to get into that on this thread), his speech tonight had the right tone. Soft spoken, No yelling or Dead or Alive rhetoric. Rational arguments by a war time president. And he exhibited tolerance for dissenters. Hopefully should not freak out market beyond morning decline.

To: Bill Cotter who wrote (5918)	10/7/2002 9:46:27 PM
From: Zeev Hed	Respond to of 95515

Bill, just look at the list of stocks in the Dow in the 70' and today, and you will see we had the same kind of mega failures, Mansville is gone, Anaconda is gone, Allegheny, Penn Central, Republic Steel, and about 4 other big steel companies that went under in the mid seventies, LTV and other conglomerates run into troubles (conglomerates were the dot.com of those days), , and don't forget that sector of bankruptcies like the airlines, Pan-Am, TWA, Branniff, Eastern Airlines, and the list goes on. Actually, right now we are much better off, during that lengthy period of the late sixties till the early eighties, unemployment was in the range of 8 to 10% if memory serves, and 6.5% unemployment was considered "full employment". Mortgage rates were hovering for a time near 13% to 15%. Zeev