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![]() "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 |
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