The Dow was down 3.3%, NASDAQ down 3.9%
I lost about 5%.
2007-02-28 10:35:00
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answer #1
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answered by zander1331 3
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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
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answer #2
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answered by Adam J 6
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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
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answer #3
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answered by whatevit 5
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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
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answer #4
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answered by Anonymous
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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
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answer #5
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answered by Baked n Blended 5
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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
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answer #6
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answered by Anonymous
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I lost about 4% but got some of it back today.
2007-02-28 10:37:24
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answer #7
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answered by Faye H 6
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