Letters: Apr. 16, 2001

A Bad Case of the Jitters

"The good news is that a stock's price can't fall below zero. So, fortunately, the most you can lose is everything." GARY W. JANSEN New Canaan, Conn.

The coming of a bear market should have been obvious to anyone who made an effort to keep up with what was happening in the securities industry [BUSINESS, March 26]. Most stocks are little more than overvalued gambling chips that do nothing for the stockholder unless he can sell them to another sucker for a price higher than he paid. He's like a victim in a pyramid scheme....

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