The points aren't dollars, they are share value. The value of a stock is what someone will pay for it, not hard currency. Unless someone sold the shares while the market was down, either to cover a margin call, or for panicked stupidity, they didn't lose a penny.
On Tue, Sep 30, 2008 at 1:25 PM, Jerry Johnson <[EMAIL PROTECTED]> wrote: > I see where you are coming from, but I don't necessarily agree. > > Those "points" are millions of dollars. Percentage of the whole is > important, but the total dollar amount lost is also tres important. > > In 1927, a much smaller part of the overall economy was listed in the > market. Even 1987 had less public companies listed. The vast majority of > companies were private, and not listed. Now, with more public companies, and > with more small investors having a stake in the market, those losses in > points are felt in a wider swath of the economy. > > I think. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271645 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
