Memory Tweak

[Bob Hemus]

On Thu, 2008-02-07 at 09:13 +0100, Roger Oberholtzer wrote:
> 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.
--------------------------------------------------
As I recall from high school Economics, FDR and his Republican congress
put in a slew of regulations to stop Wall Street Las Vegas.  Every
Administration since has chisled away at them due to the BIG $$ Roger
just mentioned.  My dad always said, "Just wait 'till the next
Depression".
Bob