"HK" wrote in message
m...

Vic Smith wrote:

What's going on is people are slow to realize that it's a new world.
You may have noticed Joe and Pat all flustered about the diving DJIA.
They still don't get it. The "magic money" of Wall Street is the root
of the problem we are in.
Those days are over. Over.
The 401k "losses" aren't real money. It was never real.
"Real" money is cash in hand that can purchase something. --Vic



It's interesting to me that you have come to about the same conclusions
regarding the stock market as I have, that in recent years especially the
"value" of stocks was not based upon any sort of reality, that it was
speculation built upon speculation. Book-cookers.


You guys are leaving out a very important factor called inflation. "Real
money" of 20 or 30 years ago doesn't buy you much today.

Growth is necessary for a healthy economic climate and growth in business
includes market capitalization and an increase in stock value. Companies
don't arbitrarily establish the value of their stock. The market
establishes it and the market is what people are willing to pay for it.

Without growth an economy stagnates.

Eisboch