THE NOTION THAT HIGHER STOCK PRICES ...WITH THE NEW FED BUBBLE...MAKES PEOPLE FEEL WEALTHIER...IS COMPLETE BULLSHIT...
CONSIDER:
WHEN A STOCK GOES UP...EVERYONE THINKS THAT THEY COULD SELL THEIR SHARES AT THE LAST PRICE PRINTED...
BUT THAT IS COMPLETE NONSENSE... IF MORE THAN A FEW PEOPLE SOLD...THE PRICE WOULD FALL QUICKLY...
SO THE REAL VALUE OF A $10 STOCK....TIMES 10 MILLION SHARES OUTSTANDING...IS NOT $100 MILLION!!
YET AT THE END OF EVERY MARKET DAY...
EVERY STOCK HOLDER SAYS..."OH MY 100 SHARES ARE NOW WORTH $1000...! $10x100...!!
SO THE FED "WEALTH EFFECT" IS REALLY JUST ANOTHER EXTENSION OF THE FED'S OTHER BULLSHIT BUBBLE THINKING....!
THE FED CREATES THE ILLUSION OF WEALTH...NOT ITS REALITY...!
CONSIDER:
WHEN A STOCK GOES UP...EVERYONE THINKS THAT THEY COULD SELL THEIR SHARES AT THE LAST PRICE PRINTED...
BUT THAT IS COMPLETE NONSENSE... IF MORE THAN A FEW PEOPLE SOLD...THE PRICE WOULD FALL QUICKLY...
SO THE REAL VALUE OF A $10 STOCK....TIMES 10 MILLION SHARES OUTSTANDING...IS NOT $100 MILLION!!
YET AT THE END OF EVERY MARKET DAY...
EVERY STOCK HOLDER SAYS..."OH MY 100 SHARES ARE NOW WORTH $1000...! $10x100...!!
SO THE FED "WEALTH EFFECT" IS REALLY JUST ANOTHER EXTENSION OF THE FED'S OTHER BULLSHIT BUBBLE THINKING....!
THE FED CREATES THE ILLUSION OF WEALTH...NOT ITS REALITY...!
