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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (103264)	5/18/2001 4:25:41 PM
From: Haim R. Branisteanu	Read Replies (2) of 436258

Heinz, CSCO should trade in the single digits at best but they still bid it 5 to 6 times higher. ......... and CSCO is only one example. The issue of value is very abstract or better said imaginary as the prices are quoted in units written on another set of worthless paper with a perceived value (the dollar in the case of the US). Keep in mind that printing stocks or dollars or what you call money are about the same today. Now they parade all the idiots on CNBS to push "prices" even higher, completely ignoring the sharp drop in profits and substantial layoff's oh well just forgot profits is an old economy nuisance. I did not listen to CNBS today but based on the faces they paraded there was one idiot bigger than the other appearing and pushing their nonsense. The BUBBLE mentality goes on no matter what. .......... or may be when you price some piece of paper with another worthless piece of paper the "pricing" looses it's meaning any way. So CNBS suggest just jump in and buy stocks the FED is on your side <GGG> Oil at $30 a barrel but who cares .......... Haim

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