Eisboch wrote:

"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


"The market" is a canard built upon a canard.