I cant see how this matters
Wall st and other markets are just swap and trade bazaars that play havoc with the balance sheets of those companies who listed their shares
years ago, in the 80's I was getting 20 cents dividend for each dollar I had in shares. You bought shares in a company to share in their profits
today, companies and banks with shares that are selling at $50 and more, pay dividends of like 3 cents per share to the actual shareholder - sweet
so, the finance gurus invest not to support a good company and take a share of the pie, but to buy low and sell high, making their money ONLY by the
trading of the shares, not the performance of the company
in other words, shares have no value until they are sold and value is only realised whne the sale price is higher than the purchase price
this sux to say the least
people need to stop looking at finance markets as the basis for economic boom or bust - its the banksters that tip the scales - remember the great
depression was caused by those who lent money to folks to buy shares, calling in their debts which meant EVERYONE had to sell at the same time
as an indicator today's Aussie news reports on the action of the FED
The Federal Reserve moved to counter what it said were ‘‘significant downside risks’’ to the US economy with an effort to lower long-term
borrowing costs and bolster housing.
In a plan dubbed "Operation Twist," the Fed said it would switch bonds in its huge portfolio with a maturity of less than three years to bonds with a
maturity of six to 30 years.
The Fed's action met with a mixed reception in financial markets. Apparently spooked by the central bank's dismal outlook, US stocks sold off.
In other news from the US, Moody's chopped its credit ratings for three of the top US banks -- Bank of America, Wells Fargo and Citigroup -- saying it
saw the US government less willing than before to rescue them if they become unstable
Read more: www.smh.com.au...
why SHOULD the gov't rescue the banksters? to prop up bad management? bah humbug
edit on 21-9-2011 by Highlander64 because: (no reason