Bloomberg's net worth was clearly not over $5 billion when he became mayor.
Just as it is clearly over $30 billion as he leaves the Mayorship.
The value of Bloomberg LP exploded during his time as Mayor -- while most holdings were at best up and down.
Gee. Any chance he used his position as Mayor to help his company?
I guess you guys are concluding there is no chance at all -- that the question should not even be posed. I mean, who can't trust s multi billionaire to be completely honest, right?
Dow taking another dive today. Madness.
Rut-roh shaggy wrote:
Dow taking another dive today. Madness.
It's still flirting with 15000. I wouldn't call that a dive.
Klondike5 wrote:
Bloomberg's net worth was clearly not over $5 billion when he became mayor.
When Mr. Bloomberg first ran for mayor in 2001, his net worth was estimated at $5 billion.
http://www.nytimes.com/2008/07/18/nyregion/18mayor.htmlKlondike5 wrote:
Explain to me again how it is that when you are in the market and it falls, you don't really lose any money. Yet when I am out of the market and it goes up, I actually lose money.
huh? Absolutely, if you are in the market and it goes down, you lose money.
If you are out of the market and it goes up you have missed out on potential gains.
I think you got the wrong guy here. You are falsely accusing someone. As usual - that seems to be just about your favorite thing to do.
You must be really psyched when you get something right - it happens so rarely that it must be a special moment for you.
Klondike5 wrote:
The value of Bloomberg LP exploded during his time as Mayor -- while most holdings were at best up and down.
the heck does this mean? 'most holdings were at best up and down?'?????
Maybe for you, but not in the actual world.
the average american stock is up 3x since 12/31/01
http://finance.yahoo.com/echarts?s=%5EVAY#symbol=%5Evay;range=my;compare=;indicator=sma(200)+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Down 100 points. Getting ugly.
Rut-roh shaggy wrote:
Down 100 points. Getting ugly.
100 points is nothing. Relax. Still flirting with 15000.
Rut-roh shaggy wrote:
Down 100 points. Getting ugly.
Yo newbie - ugly is when it loses 30 - 40 %.
(For the math-challenged out there, that would be down 4,500 - 6,000 points)
Still hovering at about 100 points down. Tension is getting pretty high about whether there will be a rally or sell off in the last hour today.
FWIW...got my quarterly statement today showing a net gain of 4.1% (including dividends) for the last quarter. I know others will be different. But Klondike5 has mentioned having hundreds of thousands in the market in the past, so it would seem he may have missed an opportunity to make five figures in that quarter.
Pay attention wrote:
FWIW...got my quarterly statement today showing a net gain of 4.1% (including dividends) for the last quarter. I know others will be different. But Klondike5 has mentioned having hundreds of thousands in the market in the past, so it would seem he may have missed an opportunity to make five figures in that quarter.
you are opening a can of worms here, but using just the Dow as our measure of the last 3 months is very limited and gives a false impression.
Here are some 3rd quarter numbers:
Europe: + 12%
Tech +10%
US Small Caps: +9%
Global index: +8%
US large caps: +5%
Dow: +2.2%
So since KKK man wants to use the Dow as his measure, we have to stick to it, but in reality, being out of hte market in the 3rd quarter has been far more costly than if we just measure by the dow.
In other words, while KKK man can say he gave up 2% of gains...really he gave up far more.
The Dow is an absurd index - led around by IBM just because it has a $182 stock price.
Down 136. A lot of $ lost today. I hope it's not an omen for the week.
agip wrote:
[quote]Klondike5 wrote:
Explain to me again how it is that when you are in the market and it falls, you don't really lose any money. Yet when I am out of the market and it goes up, I actually lose money.
huh? Absolutely, if you are in the market and it goes down, you lose money.
If you are out of the market and it goes up you have missed out on potential gains.
I think you got the wrong guy here.
Must be confusing you with others.
[quote]agip wrote:
the average american stock is up 3x since 12/31/01
Baloney.
Dow Jones 12/31/01 closed at 10,021.57.
Today it is slightly below 15,000.
I am sure other indices show similar patterns.
This is up less than 50% -- not 3x.
Honestly Agip, do you really think you can post such nonsense and be believed?
Pointing out the Obvious wrote:
Rut-roh shaggy wrote:Down 100 points. Getting ugly.
Yo newbie - ugly is when it loses 30 - 40 %.
(For the math-challenged out there, that would be down 4,500 - 6,000 points)
10% down is sufficiently ugly to be glad to be out
agip wrote:
[quote]Pay attention wrote:
So since KKK man wants to use the Dow as his measure, we have to stick to it, but in reality, being out of hte market in the 3rd quarter has been far more costly than if we just measure by the dow.
In other words, while KKK man can say he gave up 2% of gains...really he gave up far more.
The Dow is an absurd index - led around by IBM just because it has a $182 stock price.
1. Opposing the racist colonial settler state is as far from being in the KKK as one can be. So eff you Agip for calling me such names.
2. You were all gleeful and smiling when the Dow was up and posting about it every day. Now that it is down from where it was when I sold (although you are still claiming it is up 2%?), it is suddenly an absurd index and all other indices have outperformed it.
You are pathetically transparent in your dishonesty. Could expect nothing more from a defender of a monster like Bloomberg and the colonial settler state
when you share a core belief with the KKK, that should trigger some deep self examination.
agip wrote:
when you share a core belief with the KKK, that should trigger some deep self examination.
There is a 49 year old in our running community who does nothing but run. Well, he works, but he had no other interests, no children and is a total jerk.
At a race last summer, he didn't too well and was passed the last 200 meters by a female Kenyan. At the awards banquet, he was pounding the table in frustration, saying how he was going to "train his brains out and pound her in the ground next year."
If he only saw the people laughing at him. What a joke.
agip wrote:
when you share a core belief with the KKK, that should trigger some deep self examination.
What a blatant lie.
Or perhaps just a delusion.
I oppose the racist colonial settler state.
You support that same state.
You are the racist. You are the modern day KKK member.
Shame on you.