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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (21402)	7/18/2002 5:09:35 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

DAK, how come nobody understands that the US$ is his product. Just like anyone else, he charges what the market will bear to maximize income from that US$, while protecting the value of the production system. General Motors doesn't produce a certain number of cars and then leave it to the market to sort out the value. They produce more each year, depending on demand and they price them according to demand and what competition is doing. When there's a glut, prices are lower. When there's high demand, prices go up. Well, I'll leave it at that. You can believe people bid these graphs siliconinvestor.com siliconinvestor.com like this because of what Uncle Al did. They went up because Uncle Al put interest rates up and went down to zero because he lowered them again. Also, he printed more money. You could blame that too. All the pixilated people who sat transfixed each day by the pixelated graphs, day trading, bidding, calculating, spending, dreaming had nothing to do with it and it was all due to Uncle Al. That's absurd. Think why the prices went up for those two in particular. Then, see if you can figure out why they went down. See next post for the answer. No cheating.... Mqurice