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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (6105)	7/20/2001 3:31:33 AM
From: TobagoJack	Respond to of 74559

Translation on the puzzle of disappearing possible wealth, true or leverage-able, doesn't matter ... the sh*t hit the fan, brown mist all about, and the fan broke, all requiring new wealth to clean up and fix. Chugs, Jay

To: Cogito Ergo Sum who wrote (6105)	7/20/2001 5:17:14 AM
From: smolejv@gmx.net	Respond to of 74559

A small word or two, KastelCo: all the dollar tags on stock are something seen in the mirror of the market,except in sell/buy transactions, so MsB (as yet...) just paid 100$ for something that in the mirror looked like 200$ and right now looks like 5$. Now if you are a normal human - no need to be some Dorian Gray - you will get mighty p*d by what you see and realize the losses. And that's what market crashes are supposed to be about - either market-kind-of bubbles or else the industries go down the river, so their book value disappears in the brown mist. And you watch yourself in the looking glass and say "Mirror mirror on the Wall street..." I read (in Canada;) a story about some reporter asking what makes the pitch a strike or a ball. The best answer I think came from and old seasoned ump, who said: "It's nothing, until I called it". Your house (as well as mine) are worth nothing, until the market makes its call. But I dont intend as yet to sell - no real-estate panic here in Munich, thank you so much -, so lose no sleep over the current opinion of the market over my property. It's a different story, would I see dangers for my existence and be forced to act on somebody else's terms. dj

To: Cogito Ergo Sum who wrote (6105)	7/20/2001 11:09:52 AM
From: Ilaine	Read Replies (2) \| Respond to of 74559

The concept was very hard for me to grasp, too. But Grace Zaccardi explained it very well - I'll have to see if I can find the explanation. I just got the bright idea of finding all the previous discussions and saving them in one place for future reference. Think of it this way - sometimes people who can't read very well when they get the letter from Publisher's Clearinghouse telling them that they won the sweepstakes!!!!!! with the fine print saying IF they hold the winning number - sometimes those folks think they really won. Well, just because you imagine that you're rich, doesn't make you rich. Or think of it this way - you go on an extended trip down the Amazon River (no cell phones, no satellite phone). While you are gone, your stock goes from $5 to $100 and then back to $5 again. If you weren't there to imagine you were rich, were you actually rich? Sure, you can use your portfolio as collateral, but you can't spend it. If everyone holding XYZ tried to cash in at once, they couldn't sell for $200. That's just the price of the last sale. We've all seen what happens to prices when everyone tries to get out at once.