From: "Glenn Meadows" 

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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