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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (48789)	10/2/2002 1:44:24 AM
From: Bilow	Read Replies (1) \| Respond to of 281500

Hi Nadine Carroll; Re: "Many shares traded, but what percentage of the float did the traded shares represent, and what is the real cost basis of all shares traded and outstanding, those are the figures you need." Yeah, I know I "need" those figures. So do you, but you don't have them either, LOL. What I provided are simple calculations showing that the number of shares being moved around is sufficient that every single one of those shares could be underwater, as of now. But it really doesn't matter much. The fact is that the wealth is gone, and the fact is that there is a wealth effect. Re: "Sure there are losses. Just nothing like 8 trillion dollars." (a) What do you think the actual losses are? I can't imagine that they're less than 4 trillion, so far. (b) The market hasn't bottomed yet. In Japan, the market has been going down for 12 years, and it's still going down: finance.yahoo.com^N225&d=c&t=my&l=on&z=b&q=l (c) If, on the other hand, you do believe that the market (say the S&P500) has bottomed, then say so publicly, and I'll remind you of your failed prediction at the proper time. MSFT currently trades at $46.23 per share. But the company's sales are only $5.11 per share per year, and their earnings are only $1.41. For this reason, it's fairly easy to predict that the stock will continue to go down. GE is more fairly valued, but I would be inclined to expect them to go down as well. -- Carl