Karen, A problem occurs with "losses" in the stock market because of the psychological makeup of people.
If they buy (say) $20,000 worth of stock and it soars to a paper value of $200,000, they love it. If it now collapses to $100,000, they don't say "I've only made $80,000. They cry because they have lost $100,000. But, don't you cry for them. On the other hand, if they bought high flying stocks recently, they may well have lost a pile. However, again don't cry for them. They were speculating and it didn't pay off as they expected. You can sympathize with them, but no more than you might sympathize with someone who dropped a pile at the blackjack tables at Vegas. This has nothing to do with the shenanigans at Enron and elsewhere. It seems to me that there is fraud somewhere, if they can find it among the scuttling executives. Harry ________________________________________ Karen wrote: >I like words. They are powerful, infectious and the best ones have >tenacity. You can define and redefine a whole generation, a movement, or, >in some cases, an entire government. > >See Newsweek s Alter & Fineman A Dynasty s Dilemma @ ><http://www.msnbc.com/news/782887.asp>http://www.msnbc.com/news/782887.asp >where you ll see the phrase, Crime in the suites alluding to Bush 43s >problem linking him to 41s It s the Economy, Stupid legacy. > >It seems past time that Karl Rove find in his crystal ball the lessons >from history that we need to do what is good for the country, not for >electoral victory. That battle will take care of itself if Bush-Cheney are >able to convince voters they are authentic, working to represent all >Americans, not just the vested, the lobbied and the funded. Please keep in >mind that workers afraid to open their 401(k) statements this month will >be receiving another one in the last days of October, just before the >November election. > >Karen ****************************** Harry Pollard Henry George School of LA Box 655 Tujunga CA 91042 [EMAIL PROTECTED] Tel: (818) 352-4141 Fax: (818) 353-2242 *******************************
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