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The New York & NASDAQ Stock Exchanges

The capitalization of New York Stock Exchange on January 14, 2000 was estimated at more than $10 trillion when the Dow Jones Industrial Average reached an all time high of 11,722, so the 34% loss in value since then represents another $3.4 trillion loss to American "investors".

dow.gif (9545 bytes)

 

The capitalization of the Nasdaq was estimated at $5 trillion on March 10, 2000 when it reached an all time high of 5,048, so the 76% loss in value since then represents a $3.8 trillion loss to American "investors".

nasdaq.gif (7709 bytes)

This $7.2 trillion loss seems to be getting no coverage at all in the "news media", even though it completely wiped out any remnant of American "personal saving", which had already gone in the red by $8.5 billion in 2000.  This is the date on which the US became the only industrialized nation in the world with a negative personal saving rate.

Subtracting this $7.2 trillion loss from the negative personal saving of 2000 gives us a negative $7,208.5 trillion in personal saving.

The DJIA all time high of 11,722 was 3.9 times higher than the high of 2,999.75 reached in 1990, so 74.4% or $7.44 trillion of this $10 trillion in "stock value" was created in only 10 years.  Similarly, the NASDAQ all time high of 5,048 was ten times higher than it was in 1990, at 500, so 90% or $4.5 trillion of this $5 trillion was created in only 10 years.  With 100 million households in the US, this creation of almost $12 trillion in "wealth" represented an average "asset" of $120,000 per household, compared to the $72,000 loss per household in just the last two years.

Table No. 689 of the 2001 US Statistical Abstract shows that financial assets in the US more than doubled in 10 years, increasing from $15 trillion in 1990 to $33.7 trillion in 2000, an $18.7 trillion increase.  But two thirds of that increase was due solely to this inexplicible increase in the value of stocks way beyond any reasonable P & E level, and already almost half of that increase was lost in the recent NYSE and NASDAQ crash.

 

Search Result 5

From: Info Junkie (bondrock@ifx.net)
Subject: Nasdaq to Freeze Certain Data -1st
Newsgroups: comp.software.year-2000

View: (This is the only article in this thread) | Original Format

Date: 1999/12/28

http://biz.yahoo.com/prnews/991227/dc_nasdaq__1.html (December 27, 5:33
pm Eastern Time)

(Is this any kind of  "economic impact"?)

Nasdaq to Freeze Certain Data From December 27, 1999 Through January 3,
2000 as Part of Y2K Plan

WASHINGTON, Dec. 27 /PRNewswire/ -- The Nasdaq Stock Market� today
announced as part of Nasdaq's Y2K implementation plan there will be a
freeze on making data changes for equity and debt issues and market
participants from Monday, December 27, 1999 through January 3, 2000.

``This data freeze will be imposed to minimize the activity in the
system during the brief transition period to the new year,'' said Gregor
S. Bailar, Executive Vice President and Chief Information Officer of the
National Association of Securities Dealers (NASD) -- parent of The
Nasdaq Stock Market. ``For us, there's no such thing as being
over-prepared.''

The following updates will not be done during the freeze time frame:

     New IPOs on Nasdaq or OTCBB
     New additions (seasoned securities) to Nasdaq
     Name changes for Nasdaq, OTCBB, non-OTCBB, MFQS and FIPS securities
     Symbol changes for Nasdaq, OTCBB, non-OTCBB, MFQS and FIPS
     securities

     Addition to MFQS
     Additions to OTCBB -- 211 filings
     Additions to non-OTCBB trade reporting file
     Name and/or symbol changes for existing NASD members
     Name and/or symbol changes for clearing firms or agents
     Name and/or symbol changes for ECNs
     Additions of new NASD members
     Additions of new Nasdaq or OTCBB market makers
     N-100 and F-100 component changes
     SOES tier changes
     TSO changes (including N-100)
     Time & Sales updates


    The following updates will be permitted.

    *     Deletions (retirements) from Nasdaq, OTCBB, non-OTCBB, MFQS
         and FIPS which result from a merger, exchange listing, etc.
    *     Additions to OTCBB resulting from Nasdaq de-listings
    *     Additions of a previously existing non-OTCBB security for
         which a member actually has a trade to report.
    *     Deletions of NASD members
    *     Deletions of Nasdaq or OTCBB market makers and excused
         withdrawals
    *     Ex-dividend and ex-interest dates
    *     Additions of an IPO to the OTC file for trade reporting
         purposes
    *     Registration of market makers in a Nasdaq security
    *     Reg M and Passive Market Making updates


The Nasdaq Stock Market lists nearly 5,000 companies, has the largest
dollar volume of trades of any financial market, and trades  ore shares
per day than any other U.S. market. Current market capitalization is
$4.5 trillion. Nasdaq is a subsidiary of the NASD, the largest
securities- industry, self-regulatory organization in the United States.
For more information about Nasdaq, visit the Nasdaq Web site at
www.nasdaq.com or the Nasdaq Newsroom(SM) at www.nasdaqnews.com.

SOURCE: Nasdaq Stock Market, Inc.

 

 

Search Result 5

From: Grinch (oldnasty@mindspring.com)
Subject: Re: US Savings Rate Goes Negative
Newsgroups: alt.politics.economics, alt.society.liberalism, alt.fan.rush-limbaugh, alt.politics.usa.republican

View: Complete Thread (24 articles) | Original Format

Date: 2000-08-31 07:36:28 PST

On Thu, 31 Aug 2000 11:04:00 GMT, galliformes@webtv.net wrote:

>In article <96nrqsslnvhkj97nmgp6ffcnda05mg3thj@4ax.com>,
>  oldnasty@mindspring.com wrote:
>> On Thu, 31 Aug 2000 03:49:03 GMT, galliformes@webtv.net wrote:
>>
>> >Margin debt
>> >on the NYSE went from $140.1 billion in'98 to $$228.5 billion one year later?
>> >How can this be reassuring?
>>
>> Margin debt is 1% of stock market capitalization.
>>
>> How can that be scare anyone?
>>
> So total capitalization on the NYSE would be around $22.8 trillion?

The NYSE isn't "the stock market".  

The stock market's capitalization is over $16 trillion and margin debt
at its peak approached all the way up near 1.5% of that (wow) but has
since gone back down.  Have your sources informed you of its fall as
they did of its rise?  

Before trying to pick nits, read my other post giving the real numbers
on household wealth and national savings.

After that, if you are still picking nits with anyone other than
Greider and his friends who've been scaring you with all the "debt
bomb" talk, then you aren't sincere. 

 

 

Search Result 1

From: Grinch (oldnasty@mindspring.com)
Subject: Re: Which economy is the one REALLY in trouble, Japan or USA?
Newsgroups: sci.econ, soc.culture.japan, fj.life.in-japan

View: Complete Thread (270 articles) | Original Format

Date: 1998/11/23

"sunny" <sunnylw@hotmail.com> wrote:

>What about the largest stock exchange in Japan? Sorry, I don't have time to
>check the past postings, could you explain how that's related to our
>discussions here? Thanks.

Sure. A little thread history:

Back in the beginning a few people were reasonably discussing the
potential effect on the Japanese banks of the Nikkei dropping below
14,000, considering how the banks include stock shares in capital.

Fatherm, who had recently arrived, loudly announced it would have no
effect at all on the Japanese because they have $25 trillion in
savings and the Tokyo stock exchange is capitalized only at $300
billion.

I posted the capitalization of the Tokyo exchange as reported by the
Tokyo exchange:

--
[Grinch wrote...]
Try $2.03 trillion as of the close of trading Thursday.
Source: Tokyo Stock Exchange, http://www.tse.or.jp/STATISTICS/e01.html
---

Fatherm demonstrated his mastery of sources by rejecting this number.

[fatherm wrote....]

You obviously did not go to the source, which is the cite I posted
yesterday (Emerging Stock Markets Factbook, 1997, International
Finance Corporation, pg.24.)  If you take a close look at your source
above, you will understand the discrepancy.  Both sources report that
the Tokyo Stock Exchange is the largest stock exchange in Japan, and
it is capitalized at $321 billion.  The entire stock market
capitalization of Japan is $3,088 billion when the other 8 stock
exchanges in Japan are added.
--

After which followed this exchange....

[fatherm wrote:]
oldnasty@mindspring.com wrote:

> Do you *ever* stop to think about numbers you post?
>
> You say the *largest* stock exhange in Japan is capitalized at only
> $300 billion. But the Japanese stock markets are capitalized at $3
> trillion.  Seem odd?
>
> So how many *smaller* stock markets must Japan have for them to be
> capitalized at $2.7 trillion total?  Ever heard of any of them?

I know them all.  There are 8 stock markets besides the Tokyo Stock
Exchange. Do you you want a list of them?  They contain the other $2.7
Trillion. 

The Nikkei is just one indicator in one stock market which represents
only 10% of the total stock market capitalization in Japan.

But even this amount is less than one seventh of the total amount in
their Personal Savings accounts.

I am sorry that I confused you with the facts.  Should I stick to
popular anecdotes to keep from confusing you?

Should I just agree with you that a drop in the Nikkei is meaningful
in some way?

What can I do to please you, Grinch, if noticing some factual evidence
which disputes your view of the world makes you so uncomfortable?
-----

In response to which, Patrick SUSUPPLY@aol.com chipped in with.....

..
fathersmanifesto@usa.net, rapidly becoming the most amusing poster on
sci.econ, tells us:

>> >The Tokyo Stock Exchange is the largest stock exchange in Japan, and it is
>> >capitalized at $321 billion.  The entire stock market capitalization of
>> > Japan is $3,088 billion.

and:

>There are 8 stock markets besides the Tokyo Stock Exchange.
>Do you you want a list of them?  They contain the other $2.7 Trillion.  The
>Nikkei is just one indicator in one stock market which represents only 10% of
>the total stock market capitalization 

A little fourth-grade arithmetic gives us 1/9=11.1%. 

What this means (please read very slowly) is that the Nikkei cannot be
both 10% of total Japanese stock market capitalization and the largest
stock market.

The largest has to be higher than 11.1%

Which is why Grinch is asking you:

>> Do you *ever* stop to think about numbers you post?

Not penetrating?  How about this:

If 8 stock markets have a capitalization of $2,767 billion (your $2.7
trillion, actually 2.8) that is an average of $345.9 billion.

Again very slowly, $345.9 billion is a bigger number than $321 billion
(your figure for the Nikkei--the "largest stock exchange in Japan").  

Is it necessary to explain what an average is?

I await your reply.

Patrick
-------------

In response to which fathrem demonstratred a unique combination of
intellectual integrity and rigorous logic by admitting that he had
indeed made a mistake -- but *not* in the number he had posted for the
capitalization of the Tokyo exchange, rather in his prior belief that
it was the largest stock exchange in Japan.

fatehermamifosto wrote:
>The total stock market capitalization of
>Japan's stock markets is $3 trillion, with the Tokyo Stock Exchange being the
>best known (but as you point out, not the largest)

After which he was of course asked many times the likes of ...
>> Now please, *please*, tell us the name of the the *largest* Japanese
>> stock market, which is less well known than the Tokyo exchange

But his only answer has been ...
>The reference was already posted.

So we're still waiting.  Well, I'm still waiting. I'm the only one
left from then unless anybody is lurking, and I don't know why anyone
would be. 

Of course, the point is that if he can't even  figure out what is the
largest stock exchange in Japan, how can anyone believe his personal
rewriting of the Japanese national accounts?

And if he rejects the Tokyo stock exchange as the source for the
market cap of the Tokyo stock exchange, "refuting" it with a number
that's off by 90% that he allegedly read in the "Emerging Stock
Markets Factbook, 1997, International Finance Corporation, pg. 24." ,
how can one believe *any* number he posts or *any* source he cites? 

So as long as he stays here I'm just going to keep asking him: What's
the largest stock exchange in Japan?

Regards

 

 

 

 

 

TRAITOR McCain

jewn McCain

ASSASSIN of JFK, Patton, many other Whites

killed 264 MILLION Christians in WWII

killed 64 million Christians in Russia

holocaust denier extraordinaire--denying the Armenian holocaust

millions dead in the Middle East

tens of millions of dead Christians

LOST $1.2 TRILLION in Pentagon
spearheaded torture & sodomy of all non-jews
millions dead in Iraq

42 dead, mass murderer Goldman LOVED by jews

serial killer of 13 Christians

the REAL terrorists--not a single one is an Arab

serial killers are all jews

framed Christians for anti-semitism, got caught
left 350 firemen behind to die in WTC

legally insane debarred lawyer CENSORED free speech

mother of all fnazis, certified mentally ill

10,000 Whites DEAD from one jew LIE

moser HATED by jews: he followed the law

f.ck Jesus--from a "news" person!!

1000 fold the child of perdition

 

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