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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (15540)	4/24/1998 6:14:00 AM
From: Jack Clarke	Respond to of 18056

Mike, the accounting for options is another scam i I suspect there is a lot of finagling and number distortion in this great bull market. Question is when the bull will turn to bull***t. Jack

To: Mike M2 who wrote (15540)	4/24/1998 7:36:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Mike, In addition the company gets a tax deduction for the capital gains which the employee pays. I guess I'm still confused. Zeev's explanation seems rational, but your thoughts rekindle my paranoia that the whole mess of manipulation fits in with the pyramid/Ponzi scheme which the market seems to have become. I find it hard to believe that all the boomers buying stock mutual funds at these valuations will be "rich" in the future. Their stocks don't pay dividends, so they will have to sell their holdings to live their projected opulent lifestyle. Question is to whom they'll sell them? And for how much? Psst.. hey little boy, wanna buy some Yahoo? Jack