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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (10707)	10/27/2006 9:28:37 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217591

TJ, it doesn't take easy money to bid prices up. In a thin market, I could single-handedly [with the help of a few sellers], increase the market capitalisation of MSFT by $100 bn. With a small crowd, the price of whole markets can be bid up, with very little money or credit changing hands. The big mistake people make is to think that because there was one transaction at a high price, all shares should be valued at that price. No input from Alan Green$pan or Big Ben is needed to achieve that false idea. People can just shuffle around the existing money, bidding up, up and up again, with everyone getting rich, taking a turn at doing the bidding when they have sold something else at a huge profit. No new money at all is needed. Neither are low interest rates needed. All that's needed is a foaming at the mouth crowd, all thinking they are getting rich, with many bidding, bidding and bidding again. Mqurice