BAR wrote:
HK wrote:
BAR wrote:
HK wrote:
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.

Your ignorance of markets in general is stunning. Take a farmers
market for instance. Does the farmer selling his damaged and dirty
apples earn as much as mush as the farmer who is selling undamaged
and clean apples? They are the same type of apples. Should the
shoppers in that market be forced to pay the same amount for the
damaged and dirty apples as they do for the undamaged and clean apples?

Why did you buy your Parker? A boat is just a boat. You should have
just gone to the boat store and put in an order for a "boat." When
the next boat showed up at the boat store it was yours regardless of
whether it was what you really wanted because a boat is a boat.

The market is about freedom and choice.



D'oh. When I visit the farmer's market (and I do, actually), I'm able
to make my selections from what looks good, what smells good, what
tastes good, et cetera. I can chat with the farmer or his wife or sons
or daughters, and I can pay a more than fair price for the goods being
offered. There's no way for the farmer or his agents to "cook the
books" on the products being offered. I tend to frequent the Amish
market, and I have no difficulties with their honesty and reliability.

I picked he farmers market for two reasons. The first is that they have
been in existence for thousands of years. The second is that you talk
about going to your local farmers market all of the time and that you
pick and chose the farmers your purchase from carefully.

Your analogy simply doesn't hold.

It holds up extremely well.

The market to which you refer is infected with fraud, deceit,
bull****, cooked books, overpaid sales personnel, and I'm not even
talking about the companies whose stocks these crooks handle. What can
you really tell about the books of a Fortune 500 corporation? That the
books were "prepared" and "audited" by a big time accounting firm
means very little, since the accounting firms are whores in the employ
of their customers.

The market I referred to holds up extremely well. Your problem is that
you are blinded by your rage and hatred for corporations. For some
reason you believe that corporations are evil yet you have no problem
working for corporations yourself. Nor do you have a problem organizing
labor to collectively bargain with those evil corporations for labor
contracts. If corporations are evil then shouldn't they all be avoided
at all costs? Or, is it that corporations that "behave properly" are
okay and corporation that do not toe the Harry line are evil?

You you speak the worlds "I am a hypocrite" appear on your forehead for
all to see.




Nice segue. Nonsensical, but nice. BTW, "hate and rage" are right-wing
buzz words. I have neither rage nor hate for big corporations. I simply
don't trust them.