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To: robert b furman who wrote (56680)6/25/2012 12:39:30 PM
From: Return to Sender2 Recommendations  Respond to of 95378
 
You could be right Bob. When I look at the prices of some of the stocks we follow from 2009 it's hard to imagine we will ever see lows like that again. Obviously WFR is an aberration but it proves a point which is generational lows for indexes may not be the lows for individual stocks.

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Most companies that we follow are in financially better shape now than they were in 2009. WFR is not one of them. I guess what concerns me is that investors tend to get caught up in the current hype. In 1999 and 2000 it was all about how the Internet was going to change the world. Investing in companies was not based on profits for most stocks but merely how many page views, click throughs, or users, a site might have. Cab drivers were on TV talking about how they got rich on their latest stock investment.

1929 and and 1999/2000 had a lot of similarities:

en.wikipedia.org

Ask yourself if our country is in better shape now than in 2009? Maybe the majority of us who post here are but a lot of Americans are not. While we may have seen generational lows for some stocks in 2009 and even the major indexes we cannot know that for certain now.

RtS