I'd just like to regrind a couple of old axes, if I may, while the market seems to have left many here rather breathless. ;-)
1. Is there still anybody here that thinks worrying about the asset value of a company, to provide a price floor for a stock in a theoretical (when we were arguing about it) market downturn is a ridiculously obsolete concept. Or that thinks a market downturn, or earnings, is an obsolete concept. If you haven't dropped out your window yet, could you please step up to this one. You know who you are.
2. Is there still anyone who thinks the Fed was not unbelievably late in recognizing this was a time to think about lowering rates, not muttering about raising them. Now that they may have helped to kick off a global recession?
3. Could one of the Republican gents please explain again how destroying Clinton was the best thing for the economy and the country. I was a bit hazy on the details of that one at the time. Just now, there seems to be some lack of confidence in the ability to handle events at the White House. Folks who like to blow things up are getting a little cocky, from North Korea to Afganistan. Coincidence? Why not tell us all about it again?
4. I was wondering about that forward valuation of MSFT at a split-adjusted 300 bucks somebody was promoting? Care to comment on which decade you meant, or which century?
5. About Asia and Russia, I'll just settle for 'Told 'ja so. Nyah Nyah.'
That's about all I can handle for now. I need to reserve time to mourn the one remaining stock I was holding the last few weeks. Just bought it, actually, at the former year low. (Catch a falling star, catch a falling knife, I guess I just confused the two somehow...)
Pettily yours,
Chaz
P.S. Just one place among several where I was really really really wrong: (And mea culpas to Gerry L) That silly theory that Gates wanted the DOJ to provide him cover for divesting and diversifying through a mandated breakup without alarming MSFT shareholders. I see now that he and Allen have been trying to get some money out, through conventional means. 500 mill here, 500 mill there. Pathetically little and late. I gave him more credit. Of course they will still be billionaires if MSFT goes to zero at this point. I don't expect I'll find them living in the place next door anytime soon. |
