Memory Tweak

[Roger Oberholtzer]

On Wed, 2008-02-06 at 12:22 -0600, Michael Hipp wrote:

> The US and (somewhat more recently) most of the industrialized world has been 
> living in a dream world of economic bubbles fueled by worthless paper currency.

So, you mean to say, business as usual...

i don't know which button got pressed, but it turned on this (stop
reading here if you dislike rants):

I am always amazed at how people are surprised at economic swings, in
either direction. I think of share price drops as being similar to a
drop in the price of milk. When the price goes down, I can buy more with
less money. Do you think the institutions that purchase stocks are
unhappy when he price falls? Not entirely. It becomes bargain basement
time. Time to buy up things cheap. I often suspect that Wall Street
wants a fall every so often so they can buy up cheap with the earnings
saved in the previous up market. I suspect it is even encouraged by the
info they start spewing at these times.

Anyone who buys shares and expects them to retain value at all times so
they can sell at any time is setting themselves up for problems. It
ain't how the market has ever worked.

Any company that does badly BECAUSE their stock price falls is probably
not a very stable company in the first place. In the long term, a
company does well because it sells products, not because people want to
invest in it at some rate. Selling stock should provide capital for
things beyond everyday business, like expansion or a new research
effort. It surely should not be the source of company profits. Should
that be the case, these downswings thin the herd. Sad but true.

Gee, and I have only had one cup of coffee thus far this morning. But
Swedish coffee is a strong beast.

-- 
Roger Oberholtzer

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