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2007-02-28 10:28:06 · 7 answers · asked by Confused with Technology 1 in Business & Finance Investing

7 answers

The Dow was down 3.3%, NASDAQ down 3.9%

I lost about 5%.

2007-02-28 10:35:00 · answer #1 · answered by zander1331 3 · 0 0

500 points would work out to be about 3.95% of the Dow's close the day before the drop (the S&P 500 and the NASDAQ had similar drops). Of course exactly how much you lost depended on exactly how you invested your money (if you were a short seller or owned a lot of puts you'd have actually made a lot of money.) And the market did rebound from its low point--apparently the Chinese stock crash that caused the drop was spawned by a rumor that the Chinese government would impose a capital gains tax, which turned out to have been just that-- a rumor.

2007-02-28 11:50:44 · answer #2 · answered by Adam J 6 · 0 0

If the investor did not sell and the company has not gone out of business the answer is: "0" - zilch - nada - nothing. This is the same as bankruptcy (How do you get $200,000 a year now that you have filed bankruptcy). Many people think they know what happens when they hear the NEWS.

There is far more happening than what is reported. I think we all need to learn a lot more than what we know.

2007-02-28 10:50:05 · answer #3 · answered by whatevit 5 · 0 0

Just over 5 billion dollars was lost on Dow Stocks that day (well not really lost. 5 billion dollars for those that bought and sold yesterday changed hands.)
The stock market is a zero sum game.

Some people short stocks and some go long. The shorts really made a fortune yesterday.

2007-02-28 10:57:21 · answer #4 · answered by Anonymous · 0 0

Since I didn't sell anything, I lost nothing. It's all paper profit/loss anyway. In fact, I was a buyer!

2007-02-28 11:21:03 · answer #5 · answered by Baked n Blended 5 · 1 0

if you didnt sell you lost nothing
a book loss
but stock go down and then go back up
its a long tem game

2007-02-28 10:36:38 · answer #6 · answered by Anonymous · 1 0

I lost about 4% but got some of it back today.

2007-02-28 10:37:24 · answer #7 · answered by Faye H 6 · 0 0

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