"HK" wrote in message
...
Eisboch wrote:

"HK" wrote in message
m...
...are selling for the same amounts as "penny stocks" used to sell
for...

...what are penny stocks selling for?


My take on stock prices:

Stocks are now selling are prices that more closely reflect the actual
value of the companies that issued them, and the prices they should have
been selling for for the past two decades.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's not
a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.


Of course you do. And it's all Bush's fault too. Obama simply inherited
the problems.

But of course your simplistic beliefs make it easy to "understand" a very
complex situation brought on by many factors and actions on both sides of
the political spectrum. And, of course, the fact that the fraud and
collusion in big business that gets all the media attention is
representative of a small percentage of businesses, most of which operate in
an honest and lawful manner. Your union affiliations blind you to the
truth.

So, it's pointless to debate. I do remember, however, the days of your
bragging about how well your investments had performed, notably Microsoft.
How times have changed with the political wind.

Eisboch