It is sitting on sidelines ready to come back in at some point. Today hardly was a recovery. I still think we have more to go DOWN but that money will move us up big when it plays again. Your thoughts?
2007-02-28 08:34:47 · 5 answers · asked by SimpleMan 1 in Business & Finance ➔ Investing
Go to the store. Buy a jug of milk. Suppose that right after you buy it, I offer to pay you $100MM for it if you can get it to me in three minutes.
Three minutes go by. I don't have the milk. Your milk is back to its original price. Where did the $100MM go?
The trillion that you speak of is in the same place. It is sitting somewhere in Plato's heaven.
2007-02-28 08:45:23 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
couldnt agree more... 10% correction was expected (from a few sources) As bad as yesterday was it was only 4%. Maybe another 6%????. Many think as you do that unless it goes down a least moderatly from here, no one thinks its over. economy is great now and i fully agree that when sideline money comes in ...get ready. for now, Im just making up my laundry list of things to move on when it all turns around. This correction is opportunity BIG TIME. Not a horrible travisty.
Cheers
2007-02-28 16:40:30 · answer #2 · answered by MIKE M 3 · 0⤊ 0⤋
The trillion went nowhere. The value of securities is, how much are you willing to pay for it, and how much are you willing to sell it for.
Unless you sell, you don't lose a dime.
2007-02-28 16:40:07 · answer #3 · answered by TedEx 7 · 0⤊ 0⤋
I think all them invisible people stole it.
2007-02-28 16:42:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
My money, forget about it!
2007-02-28 16:42:30 · answer #5 · answered by Tim O 5 · 0⤊ 0⤋