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To: Ilaine who wrote (7523)10/3/1998 10:40:00 AM
From: Rambi  Read Replies (1) | Respond to of 86076
 
OT:
Brava, CB!
My husband was a lawyer and it's funny how people seem to think that because he's a great guy, he doesn't count, that he's the exception that proves the rule. ("All lawyers are slime-oh-except for you, Dan!") Most of our legal friends are wonderful, principled people; as in any profession there are the good, the bad, and the sleazy.But what really speaks in your behalf is your party habits! Wow! ouzo and flexeril! I want to party with you!
AND-while I'm on MY high horse-(and I'm only drinking coffee) being proud to be an American does not imply lack of respect for other countries. More of that American guilt trip our nation seems to have developed. We need more patriotism!
penni,
waving a flag and singing The Star Spangled Banner



To: Ilaine who wrote (7523)10/3/1998 1:37:00 PM
From: John Dally  Read Replies (1) | Respond to of 86076
 
Hi CB,

Back to the value discussion . . .

Things are worth whatever the market consensus perceives them to be worth. One day the consensus is that LU is worth $95, two months later the consensus is that LU is worth $63. The dollar (i.e. cash value) is just the agreed-to "measuring stick" used to measure the perceived value of things.

No money has to change hands for wealth to be lost. For example, one day after the close, company X pre-announces. Without a single dollar changing hands, the stock opens 50% down the next day. What happened? People's perception of what the company is worth changed over night with the new information. Suddenly ALL shareholders are poorer (as measured in dollars, not shares).

Where did the money go? There was none.

Best regards, John.