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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (62681)	6/18/1999 8:59:00 AM
From: BGR	Respond to of 132070

Tommaso, This time I missed your point. :-) -BGR.

To: Tommaso who wrote (62681)	6/18/1999 11:50:00 AM
From: Skeeter Bug	Respond to of 132070

>>The stock market is not a figment of the imagination.<< tom, i got into a similar debate about 1.5 yrs ago on the mu thread. mu the stock was sky rocketing while pricing on dram was collapsing. i was told that the stock price was right and the business was guaranteed to follow. well, the fall from $60 to $20 opened a few eyes ;-) in any case, the stock market is truly real. however, it DOES NOT reflect the reality of business. it DOES reflect the reality of the financial majority opinion. in that sense, stock price absolutely represent the figment of the financial majorities opinion. just look at mu. all the pros and the big money could not have possibly been more wrong for the last three years - but it doesn't matter. it doesn't even matter that they are wrong now and in the future, too. they just reach down into that imagination well. same with inuts stocks. the high valuations represent nothing more than a figment of their collective imagination. jmho.