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Some thoughts about the West Coast Port Lockout.
Message
 
To
08/10/2002 16:42:41
General information
Forum:
Employment
Category:
Government
Miscellaneous
Thread ID:
00708818
Message ID:
00709039
Views:
23
>>but reasonable profit should be acceptable.
>
>Then the first thing we should do is get rid of all these Wall Street Anlysts that IMO do more harm then good. For example:
>
>Wall Street Expert: Even though I don't work at Microsoft, or really work at all, I think Microsoft will make this much money this year.
>
>Investor: Given that data, I'm going to buy MS stock at this price.
>
>3 months later: Wall Street Expert's predictions (iow, guesses) are low, so after he inflated the price of the stock, the stock now looses money, and most likely, the stock owners will think of some way to get profits back up to this arbitrary value, leading to situations that you're describing.
>
>Maybe I'm way off base with how the Street works with all these suits guessing how much stocks will cost, but as far as I can tell they're not only worthless, but dangerous.

Mike;

Where do all the monies lost end up? It evaporates into thin air? Someone has to have the “lost money”! The funny thing is that a day, week, or month later some fool will buy the same stock that lost a bundle and expect to retire and live the good life.

The fools on Wall Street cannot agree with themselves. One day the market went down, “because the price of Gold went up”! The very next day a report from the same individual upon the announcement that the market again went down said, “because the price of Gold fell”! Go figure!

Take all the financial “experts” and lock them up without any means of communication. I had better stop here before no one is left! :)

Tom
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