NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
^^^ Earnings are calculated by applying accounting principles.
Stock prices are determined by greed, then fear. There may not be much rhythm or reason to it.
PS. In 2011, we helped our daughter buy her 1st home after the real estate bubble burst. When taking a walk around the area, we saw a nice townhome in a resort being put on a short-sale by the bank. Told my wife there was no way one could buy the land, then build a home for that money.
My daughter married and sold the home 3 years later for a very nice profit. I occasionally go on Zillow to see what the home is now worth. It has changed hand twice, and the last sale price was 4x what we paid.
Stock prices are determined by greed, then fear. There may not be much rhythm or reason to it.
PS. In 2011, we helped our daughter buy her 1st home after the real estate bubble burst. When taking a walk around the area, we saw a nice townhome in a resort being put on a short-sale by the bank. Told my wife there was no way one could buy the land, then build a home for that money.
My daughter married and sold the home 3 years later for a very nice profit. I occasionally go on Zillow to see what the home is now worth. It has changed hand twice, and the last sale price was 4x what we paid.
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