Hi Apakhabar,
Thanks for your thoughts. You've obviously done a lot of very in-depth analysis of the potentialities of the market.
While I find myself in basic agreement with your talking points, I would direct your attention to l'affaire Enron in which we see massive fraud and deception creating a windfall for insiders and a truth and information deficit creating vasts swaths of losers across the stakeholder universe. This outlier is in fact beginning to come into focus as not so very different from the rest of the high flying zombie element of the financial markets. And the malaise is deep and wide. The banker community was certainly complicit with Enron, as was the auditors, board of directors, ratings agencies, management, and regulators.
As Dean William Powers stated before Congress yesterday, what Enron represents is systemic failure. You don't think GX, TYC, LVLT, Kame Apart and a host of others aren't drinking the same Kool-Aid?
You may do fine, reading the tape, and swimming in and out of the financial markets. But society is about to get trampled, as the truth comes out about how rotten the system is, to its very core. |
