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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (41026)	12/21/2000 2:59:55 PM
From: willcousa	Respond to of 70976

I will jump in and say that it never existed. At any day's end the value of the naz is roughly the last sale of each stock on that day. It ignores whether that sale was at great or small volume and certainly does not represent the price at which the majority of shares would trade.

To: Gottfried who wrote (41026)	12/21/2000 3:04:48 PM
From: Pink Minion	Read Replies (1) \| Respond to of 70976

Eugene, where did did all the money the Naz lost go? Or did it never exist as real money? It never existed. Where did it come from in the first place? Was 500 Billion ever plowed into CSCO? I don't think so. The market is one big pyramid scheme.

To: Gottfried who wrote (41026)	12/21/2000 3:59:45 PM
From: Jerome	Respond to of 70976

where did did all the money the Naz lost go? A good hunk of it went into the pockets of brokers that convinced their clients that now is not the time to own tech stocks. Another hunk will go into the pockets of brokers when their clients figure out that some tech stocks are very much worth owning. Jerome

To: Gottfried who wrote (41026)	12/21/2000 4:24:14 PM
From: 16yearcycle	Respond to of 70976

it was real, but you have to sell it to make it real.