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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (57527)	4/27/1999 12:57:00 AM
From: jebj	Read Replies (1) \| Respond to of 132070

>Well I don't know what you mean. That the market has forever risen? Well no that isn't the case. Please explain why that is not the case. At some point - many years ago - the market started at or near 1. It has been on a steady rise, with periods of "corrections", some rather serious and long "corrections" :) - ever since. >Since 1982 it (the indexes) has risen handsomely and in step with unbroken economic stength. Prior to that the inflation-adjusted index was a loser, although if you add and compound the dividends I think you come out to the positive. And what was the market at in 1982? Above 1? Then I state it had to RISE to get there! :) And that it has risen since that time and that it will continue to rise in the future. Will there be down periods? Of course - but overall it will continue to rise. Always has and, as long as we make, buy and sell things, always will. > Yes, at some point in time, the nets - and the market in general - will take a hit and yes, at some point in time after that both will come back to new highs. It has always been so, has it not? >No it hasn't. Please ref my comments above and explain why it hasn't. > But does it matter what a company is really worth? My point was that you and I and all the experts in the world can say or think whatever we want about the value of a stock - and it MAY make little difference. What the purchasers - and sellers - of that stock think at any given time will determine its value. We can say all day long that IBM isn't worth 210 - but today, it was worth 210. Now tomorrow - that is the question! :) jb