OCU> I never claimed that I knew why it went up, only that it's contributed to the disparity of wealth.
That got three stars?
The man admits his ignorance and three half wits
give him stars? Reveling in your ignorance are
you?
Ignorance can be a real bitzz.
In 1999 my bowling buddy was drooling over Yahoo . .
"Look at that Yahoo . . dang." I could see him
frothing at the mouth wishing he could buy some.
Fortunately for him he had no money.
I looked at that Yahoo . . sky high price and miniscule
earnings . . a P/E ration in the lower stratosphere.
The stuff terrified me. No thanks. I kept investing
in power companies. I think we all know what
happened in 2000 . . . While the dot.com investors
were losing their assets those power companies served
me very well.
Today? The stock markets have no business going up
the way they have been. QE-infinity has been making
a LOT of the rich wealthier . . but it hasn't helped
the economy.
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