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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: sun-tzu who wrote (148078)2/3/2002 2:20:03 PM
From: KeepItSimple  Read Replies (1) of 436258
 
Un-fucking believable. The revision of history continues unabated.. Did you know that first call now reports exclusively pro-forma earnings? None of their chosen analysts are allowed to submit GAAP estimates anymore.

The biggest mystery in the market is how everyone is suddenly jumping on the pro-scamma bandwagon RIGHT AS ENRON IS BLOWING UP. Do they have no shame? Or are the earnings so bad that the market would self-destruct if not for pro-forma, and therefore any bullshit action is OK if it prevents the truth from being known?

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In my Weekly Commentary I mentioned the fact that, according to Barron's
Online, the P/E of the S&P 500 this week suddenly dropped to 28.57 from
40.03 the week before. I suspected that it might have been a misprint. As
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