Originally Posted by
Paralytic
I'm not saying it could get anywhere near as bad as this, but I know a number of former colleagues who invested heavily in RBS during the Banking crisis, as the price plummeted.
"It surely can't go any lower, its RBS!" was the oft-heard phrase.
The bottom settled at around 30-40% of their "bargain" purchase price.
Exactly. That's the problem with the bottom of the market - you only know when it was after it's passed.
I notice you quoted my % reduction before I'd revised it downwards one minute later
