Re: NASDAQ Question

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Seth Sandronsky wrote,

No. Assuming the calculation is right, the $4.7 trillion would represent a
value that could never be realized because if investors tried to liquidate
their portfolios, prices would come down and they would "lose" the $4.7
trillion that they never had in the first place. Likewise, if everyone on
pen-l promised to given everyone else a million bucks, we'd all be
fabulously rich until we tried to spend it. The astonishing thing is not
the "wipe out" but the illusion that there was anything there to be wiped
out.


A Mar. 21 MSNBC report says "Since March of 2000, when NASDAQ prices peaked,
the tech sector collapse has wiped out an astonishing $4.7 trillion from
investment portfolios."

Is this accurate?


Tom Walker
(604) 947-2213