Re: [RT] bear market stats

["Ray Raffurty" <r.raffurty@xxxxxxxx>]

Recently the Democrats have been harping on the 7.7 
trillion loss in market cap.  This shows a total lack of understanding on 
how markets work.
 
If a person is stupid enough to by stock in Dr. 
Coop.com (fill in your favorite dead stock) at $80 they deserve to drive a 
Dodge Omni with 100,000 miles (they probably paid 2995.00 for that 
too).
 
The point is that the 7.7 trillion dollars did not 
disappear, it just changed hands.  The uninformed and greedy sucker ALWAYS 
gets clipped.  CNBC just ran a report about a couple that lost 75% of their 
account in JDSU.  Their kid wants to go to Duke University, so they are 
moving, riding the subway, etc.  He was man enough to admit it was his 
fault, but fell short of admitting it was GREED, pure and simple, that made him 
buy an over priced stock and IGNORANCE that prevented him from protecting 
his position with options or even stops.  The person(s) who sold him JDSU 
at the top are driving the Porsche because they recognized that the market could 
not go parabolic for long.
 
If there is a case of fraud, a stock holder would 
have a legitimate complaint and new laws may address some of this by returning 
ill gotten grains to investors (if the feds can find the assets).  However 
in most cases this is not applicable.  The vast majority of losses are 
caused by GREED coupled with IGNORANCE.  Now the great masses are crying to 
their congress man "They never told me I could lose".
 
Good luck and good trading,
 
Ray Raffurty
 
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  Subject: [RT] bear market stats
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