As there are a few versions of Live you can research where it is. Here's a google about view options.
http://answers.microsoft.com/en-us/windows/forum/windows_vista-networking/windows-live-mail-help-folders-view/0dda50a1-c9a2-4872-be7f-ef99efd808da notes another issue. Some feature?
In Windows Live Mail, I just used the "move to folder" option to move a bunch of messages from my Inbox to a storage folder I created, and they have literally disappeared! They're not in the new folder, not in my Inbox, and apparently not anywhere else. I'm sure I didn't accidentally press the Delete option because if I did, I would have got a warning dialogue box. Anyone know what I can do to recover the messages?