From: "Geo" 

That's good but when a market loses 77% of it's value and that value is in
the trillions of dollars, it's a very real loss of wealth overall.

Geo.

"Glenn Meadows"  wrote in message
news:4220e3bc$1{at}w3.nls.net...
> And there were savvy investors who shorted the market during that
downturn,
> that made a ton of money.  My brother in law had been predicting the crash
> for at least a year before it happened.
>
> --
>
> Glenn M.
> "Geo"  wrote in message
news:4220dbd2$1{at}w3.nls.net...
> > "Mark"  wrote in message
news:42201997{at}w3.nls.net...
> >> All those people that saw their 401k's going up in smoke? Other than
> >> those
> >> that had all company stock in Enron, etc. et al., no one's 401k went up
> >> in
> >> smoke. That's a lame argument anyway, as there is no way that personal
> >> accounts would ever allow such stupid single company investment
> > allocations.
> >
> > Mark, in the 2000 crash the nasdaq lost 77% of it's value, that is a
HUGE
> > evaporation of wealth and it most certainly did hurt a lot of 401K's and
> > other retirement investments. The 1929 crash the dow lost 89% so that
was
> > a
> > little worse but not all that much. The big difference was the 2000
crash
> > happened slower thanks to some of the protections put into place after
> > 1929,
> > it kept people from panicking and making it worse than 1929.
> >
> >> Bottom-line: Investing with the US economy has never been a loser in
any
> >> appreciable time-frame, and never will be;
> >
> > Tell that to the people who retired in 1999.
> >
> > It doesn't really matter that things always have turned around if you
are
> > going to be needing them before they turn around.
> >
> > Geo.
> >
> >
>
>

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