quote:Originally posted by Sean Monahan: For the love of God, stuff a sock in it.
I am heterosexual and do not appreciate your sexual innuendo. I don't stuff anything in 'it' unless me and the 'it' are married. Thank you very much!
Posts: 262 | Registered: Oct 2008
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So if $3 trillion dollars leaves the stock market and goes into the pockets of a few men, those men will create jobs, and all people who want a job will have one.
It looks like you never took econ. 101.
Money does vanish. When the value of the stock market drops, that money doesn't end up in anyone's pockets. In effect it just disappears. The market value of a stock (or a house, or a car, or any other item) at any point in time is in essence a "hypothetical" based on what people are willing to pay to buy. Hypothetically, if you had chosen to sell your stock in Microsoft on Sept.2, 2008, you could have sold your shares for ~$27. If you chose to sell them last friday, people were only willing to pay ~$21. Who got that $6/share amounting to billions of dollars --- nobody. It just disappeared because people aren't willing to pay as much for Microsoft stock now as they were 2 months ago.
Posts: 12591 | Registered: Jan 2000
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So if $3 trillion dollars leaves the stock market and goes into the pockets of a few men, those men will create jobs, and all people who want a job will have one.
It looks like you never took econ. 101.
Money does vanish. When the value of the stock market drops, that money doesn't end up in anyone's pockets. In effect it just disappears. The market value of a stock (or a house, or a car, or any other item) at any point in time is in essence a "hypothetical" based on what people are willing to pay to buy. Hypothetically, if you had chosen to sell your stock in Microsoft on Sept.2, 2008, you could have sold your shares for ~$27. If you chose to sell them last friday, people were only willing to pay ~$21. Who got that $6/share amounting to billions of dollars --- nobody. It just disappeared because people aren't willing to pay as much for Microsoft stock now as they were 2 months ago.
Uhh... I think he was being sarcastic Rabbit. Everything he's said in here has been absolutely dripping with pissed off sarcasm...
...and frankly I kinda agree with it.
Edit: I mean it's over the top, but the anger and frustration in the way our country, government and economy have been heading certainly ring true with me...
Posts: 3295 | Registered: Jun 2004
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