25% my foot! The DOW, maybe, but not the NASDAQ. which is down close to 70%...
many of the technology stocks analysts were hyping as a bargain at $100, including DoubleClick and JDS Uniphase, now trade for less than $10.
JDSU (which has taken a bigger beating than the NASDAQ)...
Of course, not all stocks are hitting the tank. Some selected gold stocks hit bottom earlier and are now on the way up...
The equity bubble has burst, and now the finger-pointing has begun in earnest. Expect the politicians to come out on top. After all, they are the ones running the investigations. However, don't ask them how much they have grown - and continue to grow - the wildest growth sector in the world,... the United States Government (and most state govenments)!
Anybody seeing any shrinkages on those horizons, much less any investigations into rampant unchecked spending and incomprehensible waste, fraud, abuse and outright criminality?
We probaly will not read any stories in the paper about that. Any business that did not make money and invest in something safe would go under. But not the gov.org. They will just steal more wages from the backs of the workers till the parasites outnumber the workers, then we will have chaos and from the ruins will emerge some accountability in gov.org but not untill.