You're not becoming richer as a result of the split. Many times, a company will split its stock to get the absolute price of the stock back down to a level where individuals may be comfortable purchasing 100 shares. But you know, when you split the price of the stock, you simply have twice as much stock at half the price.
More Quotes from Stuart Freeman:
We are maintaining our long-standing target for the Dow 10,000 area by late spring 1999.Stuart Freeman
The market is looking at that and worrying that inflation may be rekindling as the unemployment rate moves lower.
Stuart Freeman
You've got interest rates on your side, inflation on your side. Earnings look good in the second quarter and we think they will be good for the balance of the year. We don't see the indicators to suggest we've got problems at this point.
Stuart Freeman
You've got good home sales figures showing some decent economic growth, and you've got crude oil prices up. You put those together, and that creates worries that the Fed is going to keep going on rates.
Stuart Freeman
Anything that makes investors feel comfortable with the inflation level and the way short-term interest rates are going is going to help the market.
Stuart Freeman
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