Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (83793)	6/24/2002 2:00:11 AM
From: augieboo	Read Replies (2) \| Respond to of 99280

TOTAL WEALTH TRANSFER 4,825 MM Which, not coincidentally is just about equal to the losses in the stock market from peak valuation in March, 2000 to today. I think the market loss figure is missing about three zeros. The market would barely even notice a loss of $4,825 MM, i.e., only $4.825 billion. A single company with a market cap of $4.825 would not even make the Forbes Fortune 500. (According to Yahoo, there are 545 companies which STILL have a market cap greater than $4.825 billion.) In other words, the percentage of the markets' wealth which was transferred to CEO's is a tiny fraction of 1% of what has been given back to the bubble gods so far. Moral of the story: There are plenty of corporate criminals out there who deserve to be in prison, but most of them are nameless, faceless, and (still) doing business on Wall Street every day. Just ask metsin, he serves them their Egg McMuffins every morning. <g>