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

To: Logain Ablar who wrote (98372)	8/9/2002 12:09:25 AM
From: Sam	Respond to of 99280

Tim "I do agree in reality the best and brightest will leave to take the risk / reward of a company issuing options but in this environment just having a job is a plus, so many good employees stay." But the options game is essentially over for everyone, or nearly everyone. It only works if the stock market game is bubbling over. So even if some who consider themselves the "best and the brightest" and who think they therefore "deserve" several extra millions want to play the game, they won't be able to. The anecdotal evidence also points to many of the best and brightest losing their shirts (sometimes literally) playing the game, owing more in taxes than their stock is worth. Many also probably live in very expensive houses with large mortgage payments that they may struggle to meet, and at some point when housing prices go down to reflect the end of outlandish salaries+options, their mortgage may be more than the house is worth. I wonder how reserved mortgage companies/banks that lend heavily in Silicon Valley are (at least of those that keep the mortgages). Sam