WHEN WEALTH IS BLOWN AWAY

摘要

As the old Wall Street joke goes: "Now I'm in real trouble. First the laundry called to tell me they lost my shirt, then my broker called to tell me the same thing." But with the Nasdaq down over 60% from its peak, the Standard & Poor's 500-stock index down 23%, and the Dow Jones industrial average down 12%, that's no joke. Many terrified—and suddenly poorer—investors now sit paralyzed on the sidelines. Afraid to buy, but reluctant to sell, they fear cashing out at the lowest point of the market and missing a sudden upswing or turnaround.