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Technology Stocks : TSEM --Tower Semiconductor Ltd.
TSEM 98.98-6.9%11:55 AM EST
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To: Xenogenetic who wrote (16)4/5/2000 3:01:00 PM
From: ahhaha  Read Replies (2) of 60
 
You must know how thoroughly the institutions which want to, know this company. It doesn't matter in the slightest whether they do or not. Price is set at the margin over time. If there was no institutional involvement, the price would go to where it should anyway. Price reflects expectations of future profitability. It doesn't matter who or how much activity is occurring which creates the fluctuations that divinely discover where future profitability is properly reflected in price.

Seems no one has a clue about classical economics. The 20th century economic pseudo-intellectual dismissed Adam Smith because he wasn't kosher for their predilection for socialism. The result has been gross public illiteracy about the most elementary economic realities, ones which they have to deal with every day. We can put it all at the feet of the great educators at the university. After all, they have to eat what the state gives them too.

One has to wonder about Israel and Israeli corporations since Israel is socialist. However, it's in name only because they invented what Adam Smith codified. At least Israel doesn't believe in our glorious adversarial relation between business and government. The US has to believe that other governments are all wrong about doing that or they have to believe that this adversarial relation which has come out of populism is false doctrine. It may be the case that the foreigners are right and their approach buries us where Krushchev never could.
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