Eisboch 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.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's
not a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.

On Mar 3, 4:45*pm, HK wrote:
Eisboch wrote:

"HK" wrote in message
om...
...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.

How do you determine that? * Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. *That's
not a correction. *That's a crash.

Eisboch

I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.- Hide quoted text -

- Show quoted text -

Was that what they taught you at Yale?

GC Boater wrote:
On Mar 3, 4:45 pm, HK wrote:
Eisboch 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.
How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.
What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's
not a correction. That's a crash.
Eisboch
I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.- Hide quoted text -

- Show quoted text -

Was that what they taught you at Yale?

They forgot to tell WAFA that union organizers and their buddies are
financed by greed.

"HK" wrote in message
...
Eisboch 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.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's not
a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.


Of course you do. And it's all Bush's fault too. Obama simply inherited
the problems.

But of course your simplistic beliefs make it easy to "understand" a very
complex situation brought on by many factors and actions on both sides of
the political spectrum. And, of course, the fact that the fraud and
collusion in big business that gets all the media attention is
representative of a small percentage of businesses, most of which operate in
an honest and lawful manner. Your union affiliations blind you to the
truth.

So, it's pointless to debate. I do remember, however, the days of your
bragging about how well your investments had performed, notably Microsoft.
How times have changed with the political wind.

Eisboch

On Mar 3, 6:51*pm, "Eisboch" wrote:
"HK" wrote in message

...





Eisboch wrote:

"HK" wrote in message
news:ENOdnbmmx96NHTDUnZ2dnUVZ_gqWnZ2d@earthlink. com...
...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.

How do you determine that? * Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. *That's not
a correction. *That's a crash.

Eisboch

I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.

Of course you do. *And it's all Bush's fault too. *Obama simply inherited
the problems.

But of course your simplistic beliefs make it easy to "understand" a very
complex situation brought on by many factors and actions on both sides of
the political spectrum. *And, of course, the fact that the fraud and
collusion in big business that gets all the media attention is
representative of a small percentage of businesses, most of which operate in
an honest and lawful manner. * Your union affiliations blind you to the
truth.

So, it's pointless to debate. *I do remember, however, the days of your
bragging about how well your investments had performed, notably Microsoft..
How times have changed with the political wind.

Eisboch- Hide quoted text -

- Show quoted text -

What you wanna bet that the Microsoft shares were in the same boat
(pun intended) as: Yale / Doctor-Doctor / Lobster Boat?

Eisboch wrote:

"HK" wrote in message
...
Eisboch 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.


How do you determine that? Last time I checked stock sold for
whatever people were willing to pay for it with a hopeful expectation
that their value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's
not a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.


Of course you do. And it's all Bush's fault too. Obama simply
inherited the problems.

But of course your simplistic beliefs make it easy to "understand" a
very complex situation brought on by many factors and actions on both
sides of the political spectrum. And, of course, the fact that the
fraud and collusion in big business that gets all the media attention is
representative of a small percentage of businesses, most of which
operate in an honest and lawful manner. Your union affiliations blind
you to the truth.

So, it's pointless to debate. I do remember, however, the days of your
bragging about how well your investments had performed, notably
Microsoft. How times have changed with the political wind.

Eisboch


Indeed, at one point, I had shares in a handful of companies, including
Microsoft, which I bought at close to the beginning of its public
availability. These days, I don't even have shares in Garmin anymore.

Fraud and collusion is rampant in big business, by the way.

On Mar 3, 5:45*pm, HK wrote:

I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.

So, you didn't support the bailouts of GM, Chrysler, along with
various "Banksters"?
--
SJM

"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.

If you think the corrupt big corporations are not in it with the
government to take things over - think again. Before I say more - I need
to put out full disclosure. I am in manufacturing. We have over 120
people working here. We are non-union and take care of those who work
for us. Our greatest asset are our people. We are a privately held
corporation - so we are the largest stockholders right here. (And
because of this with the down turn have voted not to have a dividend for
2008 so we can keep more people working.)

The more the government gets involved in regulations for business - the
better it is for the big corporations. Why? Because it hurts the small
guy who cannot absorb the costs of the regulations. This creates less
competition for the big guy and more income.

So how do they promote this to the people? The create a jealousy
between the have and have not's . They make it so that all who have any
kind of money are evil and must pay more. (Sound familiar?)


--
Dymphna
Message Origin: TRAVEL.com

"Dymphna" wrote in message
news

If you think the corrupt big corporations are not in it with the
government to take things over - think again. Before I say more - I need
to put out full disclosure. I am in manufacturing. We have over 120
people working here. We are non-union and take care of those who work
for us. Our greatest asset are our people. We are a privately held
corporation - so we are the largest stockholders right here. (And
because of this with the down turn have voted not to have a dividend for
2008 so we can keep more people working.)

The more the government gets involved in regulations for business - the
better it is for the big corporations. Why? Because it hurts the small
guy who cannot absorb the costs of the regulations. This creates less
competition for the big guy and more income.

So how do they promote this to the people? The create a jealousy
between the have and have not's . They make it so that all who have any
kind of money are evil and must pay more. (Sound familiar?)


--
Dymphna
Message Origin: TRAVEL.com



I couldn't disagree with you more. Many small manufacturing businesses are
subcontractors to big businesses for items that it doesn't make economic
sense for the big business to build themselves.
Quite often big business will go out of their way to support their small
subcontractors because they need them.

Eisboch