The Mudcat Café TM
Thread #49753 Message #752411
Posted By: Big Mick
22-Jul-02 - 11:29 AM
Thread Name: Song Challenge: Enron, Worldcom et al
Subject: Song Challenge: Enron, Worldcom et al
I have been thinking a lot lately about the massive crime that has been perpetrated on the average Jane/Joe in the US and how it will impact many of these fine folks lifetime of savings. Along comes this email and I laughed and then figgered I would sic you folks on the idea and see if you come up with a song.
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With WorldCom, you would have less than $5.00 left. If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00 and still had the benefit of a good buzz.
Based on the above, my current investment advice is to forget investing, drink heavily and recycle.