XBladeBob - thats the problem with the whole market & U.S. economy.
Wealth was destroyed in the last 2 years like never seen before since say 1930's. I am currently sitting on gains of over 1000% in my Las Vegas Sands stock, but the stock is still down something like 87% from its all time highs. A lot of people got crushed on the way down. I myself got crushed a little on the way down in some oil stocks. I wised up early enough to get out of the market altogether at about Dow Jones 11,000, then loaded back up at about Dow Jones 6900.
I was watching Jim Cramer Mad Money & Larry Kudlow yesterday on CNBC & both were cheerleading the the USA & the recent gains in the overall market. Cramer said its too bad that most individual investors have stayed on the sidelines & missed the stock market rally of the century. He was cheerleading that some of the banks are up 200-300% over 12 months. Not that great considering most are still down 50-80% overall from November 2007 - how can you be thrilled about that?????
I applaud the gains in the market in the last year & I have made some great gains along with some losses. But it has to be remembered that the gains we are seeing in 2009, 2010 and into the future are being made at the expense of a lot of people being financially destroyed - and unlike Cramer & Kudlow, I cannot applaud that. The USA is supposed to be the most civilized, advanced & stable country in the world - just goe's to show you what happens when 1. Greed takes over 2. Trust in leadership goe's unchecked 3. a nation becomes becomes complacent.
What happens is "Chaos" on a grande scale :)
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