Eisboch wrote:

"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


Indeed, at one point, I had shares in a handful of companies, including
Microsoft, which I bought at close to the beginning of its public
availability. These days, I don't even have shares in Garmin anymore.

Fraud and collusion is rampant in big business, by the way.