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.

"HK" wrote in message
m...
D.Duck 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.

And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?

The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation and
book-cooking done in connection with the sale of corporate stocks, et
cetera. Now, because of greed and outright fraud in the lending, stock,
insurance businesses, the value of just about everything has gone down
because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they were
a couple of years ago? Or that they should?

If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on for
retirement.

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

D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation and
book-cooking done in connection with the sale of corporate stocks, et
cetera. Now, because of greed and outright fraud in the lending, stock,
insurance businesses, the value of just about everything has gone down
because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they were
a couple of years ago? Or that they should?

If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on for
retirement.



Oh, I understand the ramifications of the crash. I just believe the
share values of the past were grossly overinflated due to speculators,
those who feed and feed upon speculators, dishonest accounting firms and
dishonest corporate officials, banking, brokerage and insurance
industries, and the mal-, mis-, and nonfeasance of the regulatory
agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.

"HK" wrote in message
m...
D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation
and book-cooking done in connection with the sale of corporate stocks,
et cetera. Now, because of greed and outright fraud in the lending,
stock, insurance businesses, the value of just about everything has gone
down because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they
were a couple of years ago? Or that they should?

If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on
for retirement.

Oh, I understand the ramifications of the crash. I just believe the share
values of the past were grossly overinflated due to speculators, those who
feed and feed upon speculators, dishonest accounting firms and dishonest
corporate officials, banking, brokerage and insurance industries, and the
mal-, mis-, and nonfeasance of the regulatory agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.

And just how many of the thousands of corporations were affected by
"dishonest accounting firms and
dishonest corporate officials"?

"HK" wrote in message
m...
D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation
and book-cooking done in connection with the sale of corporate stocks,
et cetera. Now, because of greed and outright fraud in the lending,
stock, insurance businesses, the value of just about everything has gone
down because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they
were a couple of years ago? Or that they should?

If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on
for retirement.

Oh, I understand the ramifications of the crash. I just believe the share
values of the past were grossly overinflated due to speculators, those who
feed and feed upon speculators, dishonest accounting firms and dishonest
corporate officials, banking, brokerage and insurance industries, and the
mal-, mis-, and nonfeasance of the regulatory agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.


Oh, and the Teamster's pension fund problems come to mind.

D.Duck wrote:
"HK" wrote in message
m...
D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation
and book-cooking done in connection with the sale of corporate stocks,
et cetera. Now, because of greed and outright fraud in the lending,
stock, insurance businesses, the value of just about everything has gone
down because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they
were a couple of years ago? Or that they should?
If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on
for retirement.
Oh, I understand the ramifications of the crash. I just believe the share
values of the past were grossly overinflated due to speculators, those who
feed and feed upon speculators, dishonest accounting firms and dishonest
corporate officials, banking, brokerage and insurance industries, and the
mal-, mis-, and nonfeasance of the regulatory agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.

And just how many of the thousands of corporations were affected by
"dishonest accounting firms and
dishonest corporate officials"?



All we know about are the ones we know about. Remember Arthur Anderson?

D.Duck wrote:
"HK" wrote in message
m...
D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation
and book-cooking done in connection with the sale of corporate stocks,
et cetera. Now, because of greed and outright fraud in the lending,
stock, insurance businesses, the value of just about everything has gone
down because far fewer people have the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.

Does anyone really think the value of shares will rise to where they
were a couple of years ago? Or that they should?
If stocks don't go up, look at all the retirees that will be working at
Wal-Mart till they just can't do it any longer. Many millions of people
have seen their 401Ks take a tremendous hit, money they were counting on
for retirement.
Oh, I understand the ramifications of the crash. I just believe the share
values of the past were grossly overinflated due to speculators, those who
feed and feed upon speculators, dishonest accounting firms and dishonest
corporate officials, banking, brokerage and insurance industries, and the
mal-, mis-, and nonfeasance of the regulatory agencies under Bush.

Any small investors who in the future decide to participate again in the
corporate stock ponzi schemes should be very, very sceptical of stock
prices and what supposedly underpins P/E ratios.


Oh, and the Teamster's pension fund problems come to mind.



Once again, I will remind you and others that if you are a trustee on a
union pension fund and "mess around" with the funds, you are prosecuted,
and the financial losses are made good by the mandatory bond. The
bonding company typically works closely with prosecutors to try to
ensure time in the slammer for the perps.

HK wrote:
D.Duck wrote:
"HK" wrote in message
m...
D.Duck wrote:
"HK" wrote in message
m...
D.Duck 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.
And who/what determines the actual value of stocks, your real
estate, your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of
speculation and book-cooking done in connection with the sale of
corporate stocks, et cetera. Now, because of greed and outright
fraud in the lending, stock, insurance businesses, the value of
just about everything has gone down because far fewer people have
the wherewithal to buy.

I saw earlier today that Citibank shares were selling for less than
the ATM charges some banks charge.

Does anyone really think the value of shares will rise to where
they were a couple of years ago? Or that they should?
If stocks don't go up, look at all the retirees that will be working
at Wal-Mart till they just can't do it any longer. Many millions of
people have seen their 401Ks take a tremendous hit, money they were
counting on for retirement.
Oh, I understand the ramifications of the crash. I just believe the
share values of the past were grossly overinflated due to
speculators, those who feed and feed upon speculators, dishonest
accounting firms and dishonest corporate officials, banking,
brokerage and insurance industries, and the mal-, mis-, and
nonfeasance of the regulatory agencies under Bush.

Any small investors who in the future decide to participate again in
the corporate stock ponzi schemes should be very, very sceptical of
stock prices and what supposedly underpins P/E ratios.


Oh, and the Teamster's pension fund problems come to mind.


Once again, I will remind you and others that if you are a trustee on a
union pension fund and "mess around" with the funds, you are prosecuted,
and the financial losses are made good by the mandatory bond. The
bonding company typically works closely with prosecutors to try to
ensure time in the slammer for the perps.


Yeah, right.