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.