If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Countrywide Financial, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased Fannie Mae or Freddie Mac stock, you would have nothing left (except more taxes).
But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, and redeemed the cans for recycling, you would receive $50.00, unless it was held by Andre the Giant and then it would have been worth more..
Based on the above, the best current investment advice is to drink heavily and recycle.
This is called the 401-Keg Plan.
(from a friend)