This is my first and last post on the stock market. I found this analogy and I think it sums up my feelings about the whole thing.
“If you had bought $1000 worth of Nortel stock one year ago, it would now be worth $49. With Enron, you would have $16.50 of the original $1000. With Worldcom, you would have less than $5 left. If you had bought $1000 worth of Miller Light (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit in some states, you would have $214. Based on the above, my current investment advice is to stick to drinking and recycle.”
In a bear market such as this I think a lot of people are drinking, I wonder what the sucide rate is. People do not react well when there portfolio’s are being flushed down the drain.. My thought is on this scrounge up as much spare cash as you can and get ready to buy some shares. I love a buyers market.
Nope :) but someone with to much time on there hands did.
You didn’t actually bother to look up the values of that stock, did you?