Nicholas Geti wrote: > You are off by a couple of decimal points. The market was down only a couple > of percentage points; about 5%. So that would leave this guy with > 9.5Billion. On the other hand he would not have all of his assets in the > stock market.
Hi Nicholas, Indeed. The article says 2.3%, you say 5%. But the reaction around here! If these people misplace a penny they light a lamp and search the house, just like in the bible story! They are howling like stuck hogs! A number of years ago, actually in the early '80s, come to think of it, there was a local news story about a woman whose husband reduced her household allowance to $40K per month. $40K, per month! She flat couldn't handle it! Signed up for financial counseling and it hit the news. No word on what it had been, of course . . . >> http://www.heraldtribune.com/article/20110604/ARCHIVES/106041018/-1/TODAYSPAPER?Title=MARKET-IS-DOWN-FOR-FIFTH-WEEK >> >> In layman's terms, some guy who had $10 billion might now only have a >> couple hundred million. No idea how he can cope. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
