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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17771)2/16/2016 12:57:54 AM
From: The Ox  Read Replies (2) of 33421
 
Yet paper wealth is still wealth. It goes on your balance sheet as an asset that you can sell.

Not necessarily. Many companies today have assets that are on the balance sheet which those same companies are NOT able to leverage them due to already high debt levels. Net asset value may be high and so might "enterprise value" but their market caps do not reflect these assets.

I'm not talking about oil companies. Look all around the market these days and there are hundreds, if not thousands who are in a similar situation.

global wealth destruction of epic proportions.

Again, was it true wealth? Was it similar to the "tech boom" of 1999/2000? VTSS semiconductor went from triple digits to pennies. Was that "wealth destruction" of the same epic proportions? Or was it simply fraud?

Was the raising of oil prices to $140/bbl "market demand" or was it a similar fraud?
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