Are you a member of cyberspace team? I don't find other reason that any one would spend his time to copy the list of URL to show it here. What do you want to prove?

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12. Paper value (9/2/05)

Why did I say people who bought the stock are sleeping on a paper? Because if it is liqudated, most likely you will get little money back. And CEO of these big firms don't work for the interest of shareholders but for the interest of Inside Group.

Five years ago, when managers of pension fund held billions of Enron's stock, they never knew they were holding only a bunch of pieces of papers which worth nothing. Did Enron lost its value in one night or just in a short period? No. A lot of firms are run in same way. What about GM? It's bond was ranked as junk recently. What does that mean? It means GM is in same level like Enron had been. The debt it owes is much bigger than its asset. The long term bond GM issued is about 300 billions. Compare to Iraq war, its cost is only 68 billion a year. Yet, GM is still a foundamental stock of Dow Jones index. How many other companies are in the same level?

Since stock market is such a market full of balloon. Those expert who know it deeply avoid to get involve in it. Here is an article published recently.

"Greenspan invests cautiously

By Jeannines Aversa, AP,

Greenspan keeps all of his holdings in money-market accounts and Treasury securities, which are considered the world's safest investment, a financial disclosure form shows."

(Mercury News, 7/29/2005)

Further more. on 8/27/05, Mercury News reported:

"It can 'readily disappear' if economy stumbles

Rising house and stock prices have made many people feel more wealthy and have helped to support consumer spending.

Greenspan, however, said people shouldn't count on that paper wealth, which can evaporate if economic conditions deterriorate rapidly."

I have repeatedly said the stock is no other than a paper in this thread. Seven days ago, Greespan's comment proved my opinion.

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If Feds call you and defame my message, it is a tactic of intimidation. They don't want people know the fact.
It also proves what I wrote are truth. They are afraid of it.