Shopsmith Forums

I think that about sums it up, Ed.

Just like the dollar has absolutely no real value behind it. It's only worth something because enough people think it is worth something.

I was under the impression that stock holders own the company and if the company closes it doors all the assets are sold and distributed to the stock holders.

fredsheldon wrote:I was under the impression that stock holders own the company and if the company closes it doors all the assets are sold and distributed to the stock holders.

I believe that is done AFTER the creditors are paid?

In the old days one stuffed his mattress with money sometimes thousands of dollars. Now days the mattresses cost thousands of dollars !

fredsheldon wrote:I was under the impression that stock holders own the company and if the company closes it doors all the assets are sold and distributed to the stock holders.

You saw how that worked during the GM bailout, didn't you?

steve

skou wrote:You saw how that worked during the GM bailout, didn't you?

steve

Yeah they apparently took all our money and ran to China.

Sorta like the Banks that were to use the bail out money to keep interest down. It worked! They aren't paying anyone interest on deposits. But interestingly enough they still charged interest on loans. Big interest compared with what they were paying out.

So what did they do with the money? I don't know how it is where any of you live but where I live they bought real estate and built banks. We have banks beside banks beside banks beside banks. All of it PRIME real estate all bought with bail out money.

WE bailed them out. We gave them investment capital and they invested it in land.

Unless they do some real rewrite of history if the bail out is reported accurately 50 years from now people will ask what were those people thinking.

... especially since I have more than doubled my investment so far and am sitting in a much better position than I was 6 years ago.

Ah, so. I think I'm seeing a pattern. This has been a very confusing time, trying to figure out what drives some things.
So, I'm having a good spell in the market, so everybody must be having a good spell. I have decent health insurance coverage, so everybody's must be good, and mine hasn't been cancelled- yet- so nobody's has been cancelled.
I watch only the alphabet channels, and MSNBC, therefore there are no scandals in the Obama administration.

I'm beginning to understand the meaning of 'bliss'.

;-)

Ed in Tampa wrote:... Is that right?

You pretty much got it!

There's a very interesting figure, imho, to note on active stocks, called "Percentage Held by Institutions".
When you realize that most activity in most stocks is carried on by Big ($$$$) institutions on "Wall Street", and you see a high-flying stock with 5% HbI, you can start to get a feel for how much the "market" has to do with the "economy".

Iow, it wasn't Mom & Pop Stockholder whut rolled that 16000 number over.

fredsheldon wrote:I was under the impression that stock holders own the company and if the company closes it doors all the assets are sold and distributed to the stock holders.

L O L !!!

Have you ever heard of General Motors, or Chrysler?

(Disclaimer: I am a GM stockholder, since 2005.)

Ed in Tampa wrote:... people will ask what were those people thinking.

Easy one!

Power.