| >>>I don't think MC is lying. I think MC put together a conservative 4Q projection, and then hedged the Euro on top of that. He may have 4Q in the bag or close to it.<< I don't think he would intentionally mislead WS, his employees, and the shareholders. He may have spoken too soon, however. I am still puzzled as to how, in Q2, he was able to say that Q3 and Q4 were "blessed." How could he have made such a comment from that far out? Certainly he wasn't considering the throwing in of investment income to make up any differences. CMGI, for one, hadn't quite completely crashed at that time. Anyone able to tell me how he could divine demand, election woes, the feds, the economy, consumer confidence/interest, etc., 5-6 months in advance??? El |
