Mon 16 Apr 2007
Here’s a lighter note from back in July 2002 at the bottom of the bear market:
If you had purchased $1,000 worth of “WorldCom” stock one year ago, it would now be worth US$10.59. If you had purchased US$1,000 worth of “Enron” stock one year ago, it would now be worth US$0.71. If you had purchased US$1,000 worth of “Budweiser” (the beer… not the stock) one year ago, drank all the beer, then traded in the cans at the redemption center, you would have US$107.
Given the current conditions of the market, drink heavily and recycle.