SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Pitera who wrote (85530)2/14/2001 11:29:40 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
that paragraph should be elevated to 'must read' status all over WS....we know all about the smoke and mirrors, but it's nice to see a man of Gross' stature remark on it.

all those 'one time, non-recurring charges' that recur every quarter...and not to forget, corporate America is DROWNING in debt...a debt that is supported by what appear to be rapidly shrinking cash flows across a broad swathe of industries.
if one looks at the market and its valuation, that's lala land...based on the implicit promise by Greenspan to print as much money as it will take to support the market.

an amazing Ponzi game ...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext