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Non-Tech : The ENRON Scandal

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To: TigerPaw who wrote (534)1/17/2002 10:58:40 AM
From: bonnuss_in_austin  Read Replies (1) of 5185
 
TP et al: I think there is going to be ...

...and we may be seeing it already ... a possibly 'paradigm shift' in investing sentiment as people grasp, through the ENE example, of the corruption behind any/all corporations' stock.

Do you feel 'comfortable' buying stock in any company, TP?

I don't. And I'm not sure I ever will again.

PS: I have this two-bit broker (PW) who I'm stuck with for some very techical reasons who called me to make two recommendations over the past year. (This is an IRA that I have 95% in cash; 5% in bonds that expire in 2011).

They were:

"XOXO is a strong buy." (The stock was @ $30 that day)

"Buy Citigroup bonds. They're very, very 'safe.'"

LOL ... Citigroup's taking some rather significant lumps via ENE, yes?

bia
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