"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.

Given the risk associated with the US economic outlook, I would agree. The
market always seeks prices that reflect the future economic outlook.

And currently it is a bleak one. The depression is here to stay. Now that
the dow is under 7000 and appears to be staying there at it's new lows, it
is likely US government/bank actions will make this permanent.