Ken Rapoza followed the herd to online investing two years ago when the bulls were running.

He set up a $5,000 cash account with an online broker and started clicking. Each month, he bought more stock in two companies that he considered hot: California-based electric utility Calpine, and telecommunications powerhouse WorldCom.

You can guess the rest. Calpine stock is off about 90 percent from two years ago. WorldCom filed for bankruptcy in July. That $5,000? Rapoza's latest cash account balance was $1.27, and his stock portfolio was worth a whopping $229.51.
http://www.siliconvalley.com/mld/sil...ey/4127962.htm

I don't know why, but I'm finding it difficult to feel sorry for stupid
greedy people who bought shaky stocks two years ago and lost
all their money. There were plenty of warning signs. Old timers
were shaking their heads and saying, "it can't keep going up forever",
but there was a panic of greed, where people were afraid
that someone else was getting rich.

Their attitude was "Only chumps work for their money, the smart ones
'put their money to work for them'"

No, I think the chumps give their money to Kenneth Lay, Bernie Ebbers
or John Rigas to build their beachside mansions.
LMAO