Clearly not!
> Even if you're buying stocks for pure speculation, there must
> eventually be, at the end of the chain, someone who believes they
> are going to actually get a pat back from the company.
Just who are these benevolent investors?
> But my question is, "Does anyone really think that Yahoo will
> ever make enough return to investors their $400/per share investment
> from way back in 2000?"
I don't think so. I mean: you're not the first to notice this, even among long-term shareholders. So?
> Even if everyone today if buying for pure speculation, and no
> one cares about earnings, there still has to be a groups people
> in the future who will by for earnings.
I don't know where you got this "must" stuff from, like it's some physical law of the universe or something. Oops, those don't exist either!
/jordan