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Strategies & Market Trends : Strictly: Drilling II
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To: Paul Shread who wrote (6366)1/11/2002 4:35:37 PM
From: nspolar  Read Replies (2) of 36161
 
More On Enron.

biz.yahoo.com

This is going to get real interesting, politically speaking. We have several Enron guys in GW's admin. We have all the GW/Enron friendships. We have Phil Gramm's wife who I believe was on the board, and yes she pocketed a nice gain on her Enron stock.

And now we have Mr. Pitt, who I believe used to typically litigate for clients against the SEC.

The DEMs are going to make hay, or at least try to. Guess they have the right. It appears their strategy is forming - GW's admin knew about all this but did nothing to product the little guys.

Plus if I'm not mistaken we have some litigation coming up by the SEC, against some firms who went to far in the pro forma schorma whatever you want to call it accounting misrepresentations.

I can't but help see that all this will be a huge negative, in an already over extended market. If the market goes down hard, politicians will want some blood, to show they are still the great protectors of the little guy.

Comfortable with my shorts and PM's. Staying the course. My shorts were a sea of red today. And yes I've picked some that are suspicious in the accounting department, like WHR and EBAY.

Disclosure: No political affiliation.

Good Day. Gotta go haul some wood.
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