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To: Claude Cormier who wrote (6669)	1/8/2003 10:18:58 AM
From: tyc:>	Read Replies (1) \| Respond to of 39344

My point is this; when you own common shares you own a business that has value; Its value does NOT change with its market price (but it will increase in line with growth of GDP). If the market price drops 30-50% as you predict it will be the same business. If that happens it is CASH (i.e. the very fiat you talk about) that has become more valuable. Why should that happen ? Conversely, like everyone else's, the price of my equities has been increasing lately ! To me the value of the businesses has not increased, it's just cash falling in value ! I can see lots of reasons why THAT could continue ! But like CONDOR, I'd better leave such matters to greater minds.

To: Claude Cormier who wrote (6669)	1/8/2003 10:21:10 AM
From: BSGrinder	Respond to of 39344

Claude, IBM will have to get a lot lower than 40 for it to be a real bargain! They have been destroying shareholder equity for years, and their services income accounting is a travesty. /Kit

To: Claude Cormier who wrote (6669)	1/8/2003 11:45:04 AM
From: Bat Man	Respond to of 39344

<The industrial and manufacturing capacity of the US has been shipped to Asia and abroad in the past decades.> Agree with this just try buying something that's not made in East Asia( China). or maybe I just shop at the cheap stores.<g> The last time IBM shares were at $40 was about 1993, that's the year I took door # 3 Freedom 41, ( as opposed to London Life's freedom 55) moral then was lower than a snakes belly in a wagon wheel rut. Haven't talked to anybody at IBM lately to see how things are going though, but you are probably right about IBM going to $40 . (or less) Elmer