Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

Nobody buys a stock because they think it's a: quote, unquote, per se a 'value', they see a stock as a 'value' if that stock will be higher someday and they can take a profit from it, the value comes from taking a PROFIT, thats the only value of a stock,

ah. so we disagree. however, the flaw in your argument is that it assumes that there's some way of valuing stocks, which you deny. i.e. you are saying its all up to market forces alone, and there's no 'objective' way of valuing them. (okay okay, i don't mean objective; but i mean some principles that one uses to put a value on a stock, other than just the availability of a buyer at that price.) and you need that assumption, because otherwise you can't ever say 'the stock will be higher some day'; you have no way of predicting what folks will value next year.

but if most believe as you say, then we might understand the market now as a big ol' distribution: baby boomers soon retire and won't have anyone to sell to, cuz kids are unemployed and generally distrustful of the market ... not to mention, smaller in number. so lets all price into stocks years of future growth and growth potential, so we can unburden ourselves now, before there's a mad rush for the exit.