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Letter: Stock market decline lacks that silver lining

At the risk of depressing everyone even more than they already are – need I remind you that all this money you are losing in the market means that, when the recovery finally arrives, you need to score for more than you have lost just to break even. To take an extreme example: if you are down 50% you need to go up 100%. Cheers!

Jack Spiegelman

Buffalo

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