In light of the subprime meltdown it may be time to update this old joke from the post-dot-com era:
“If you bought $1000 worth of Nortel stock one year ago, it would now be worth $49. If you bought $1000 worth of Budweiser, drank all the beer, went to the recycling center, and traded in all of the empty beer cans for the 5 cent deposit, you would now have $79 (and have enjoyed a lot more beer).”
I did make a few bucks trading Nortel near the bottom. Just a few bucks because it’s still near the bottom 😉