D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation and
book-cooking done in connection with the sale of corporate stocks, et
cetera. Now, because of greed and outright fraud in the lending, stock,
insurance businesses, the value of just about everything has gone down
because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they were
a couple of years ago? Or that they should?

If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on for
retirement.



Oh, I understand the ramifications of the crash. I just believe the
share values of the past were grossly overinflated due to speculators,
those who feed and feed upon speculators, dishonest accounting firms and
dishonest corporate officials, banking, brokerage and insurance
industries, and the mal-, mis-, and nonfeasance of the regulatory
agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.