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September 30, 2009, Guest Column
A Fate Worse than Fargo
Part 2 of a two-part essay on the dark side of Boomer retirement. Discretion is advised.
What makes the current market calamities so much more damaging then the ones of 1987 or 2000-1 is that, indeed, it's not 1987 or 2001. Barring a huge reversal in the market's fortunes, there's not enough time for the current 50%+ losses in equity markets to be recouped.
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