All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (546)	12/26/1999 2:08:00 PM
From: MythMan	Read Replies (1) of 42523

There was a chart with this article... December 26, 1999 MARKET WATCH A Company Worth More Than Spain? -------------------------------------------------------------------------------- Issue in Depth The New York Times: Your Money Forum Join a Discussion on Investing -------------------------------------------------------------------------------- By GRETCHEN MORGENSON razy markets call for wacky stock valuation methods. Forget price-to-sales ratios; why not rank stocks based on the gross domestic products of the world's nations? GDP, to be sure, is the yearly output of goods and services of a country, while market value, a company's total worth, changes daily. Moreover, GDP cannot capture all that is generated in the information age. But with stocks so high, it is a telling exercise. "These stocks have become like major land masses," Theodore Aronson, principal of Aronson & Partners in Philadelphia. "There's nothing to compare them to anymore. It's price to fantasy."

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