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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (378430)	11/24/2008 8:16:28 AM
From: stan_hughes	2 Recommendations Respond to of 436258

No high blood pressure here, my friend, I've been as relaxed as I get since mid-summer 2007, remember? -- Message 23822779 FWIW I can't see going big into solar until I see (a) oil come back to life and (b) the last of the excess leverage out of the stock market, neither of which are likely to occur in the currently foreseeable future. I say that despite this morning's misplaced enthusiasm that not one but two Dow components seem to have temporarily avoided going out of business -- apparently the market sees the delay of these formerly imminent deaths as ripping good news, go figure Does anyone with half a brain really believe that C common shares have any actual value here, even if the US government does manage to stickhandle their way through this mess for them by guaranteeing their debt? If so, maybe they could explain it to me, because an insolvent company being propped up solely by a government guarantee is still insolvent, i.e. the debt and maybe the preferreds might be a bit safer to hold with Uncle Sam in the corner, but the implicit value of the company attributable to the privately held common equity has already been wiped out and then some -- the write-off entries just haven't been booked yet