This market thinking is unbelievable. Can someone tell me what QCOM's PE actually is for this year, next year, and the year after that? Can someone tell me how investors can buy ITWO when they MISS BIG and feed the investing public these "pro forma" garbage numbers? Since when are "pro forma" numbers accepted like they are real accounting? I'll tell you when. When investors have become so spoiled that they actually think they deserve 20% annual returns forever. Words can't describe the idiocy being accepted today from the mouths of CFO's in these companies. Make fun and discount this warning, but a good spanking is coming to greedy, spoiled, living-beyond-their-means, Americans who condoned a Clinton presidency and all that went with it, and ordain gay ministers and try to force gay boy scout leaders, and abort humans (not fetuses), and call two men or two women or one woman a "family", and trounce the Constitution -- and WHY does America do all these things? If you dig deep enough, you will find that all of these have a basic root. And what a coincidence that the Bible (the best selling "fairy" tale book in America) says that the root of ALL evil is the LOVE of money. What a surprise what motivates everything going on in the "new era" world! Oh, call me a raving lunatic, but you will not be able to say you were not warned. Watch the "retirements" of millions go up in vapor as this greed bubble implodes on fictitious accounting practices. There is a HUGE GAAP between reality and spoon-fed nonsense today. Keep opening up your mouths and taking it in because your sugar-Daddy keeps telling you, you deserve all you can get. When you finally choke on it, don't complain.
I remain,
SOROS
ps This is not directed at Uncle Frank. I just like his name. |
