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[sludgehound]

Interesting article on the Trillions lost by Big Names.

http://news.yahoo.com/s/ap/20081103/ap_on_bi_ge/meltdown_disappearing_wealth

Such losses in the last year have wiped out an estimated $2 trillion in equity value from 401(k) and individual retirement accounts, nearly half the holdings in those plans, according to new findings by the Center for Retirement Research at Boston College. Similar losses are seen in the portfolios of private and public pension plans, which have lost $1.9 trillion, the researchers found.

"Fishing isn't called catching, and investing isn't just called making money," Hansen said. "We have to remember that things can go down by a lot."

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