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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (4704)	8/29/1998 10:40:00 AM
From: Joseph G.	Respond to of 86076

<<The experts said the market may still need another good jolt of crisis to force investors out of their denial phase.>> Spent all nite doing arithmetics -g- Suppose a stock, or index drops 70% peak to bottom, that means somebody who bot at top loses 70% of their money (not counting inflation, taxes, etc). Q: How much is loss if bot at 15% off the peak? A: 65% loss. Repeat for a 89% peak to bottom - A: 88% loss. Repeat for a 89% peak to bottom, if bot at 25% off peak. A: 85% loss Repeat for a 89% peak to bottom, if bot at 50% off peak. A: 78% loss Repeat for a 89% peak to bottom, if bot at 70% off peak. A: 63% loss Repeat for a 89% peak to bottom, if bot at 85% off peak. A: 27% loss