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What are you trying to say? That people that had "millions" went homeless? The stocks recovered in less than two years. If they didn't sell in panic they still had millions after a brief period.

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Homeless you don't get in the Netherlands, but yeah, I know people who put all their money (2-3 million at least 2 of them) in WorldOnline[0] and lost it. Having to start all over at an age when they would normally almost retire. You won't end up on the streets in NL anyway, but mentally they were never the same because of that. Greed + weird optimism and then panic selling. But billions were lost in this fraud company and the signs were clear; people just thought it would go on forever and that's what everyone said in the bar. Hence the dumb buying.

[0] https://en.wikipedia.org/wiki/World_Online

Edit: you say 2 years... But people bought this one as well by the millions in those days; https://www.google.com/search?q=kpn+koers&oq=kpn+koers&aqs=c...

That never recovered. While 'everyone' agreed that could never happen as this time there was no roof. And for a brief moment almost everyone believed that.

As a less localized thing; in the tech community, stocks of for instance Borland/Inprise were talked about in the same way. I don't think (but cannot find info fast) they ever recovered.

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