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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (6326)6/26/2002 8:42:01 PM
From: Raymond Duray  Read Replies (3) of 33421
 
John,

Re: But it was those crazy bubblionians who were chasing MoMo stocks to the exclusion of prudent investments also in Bonds and my everlasting beloved value stocks that enabled that mania.

I'm saddened to see that you are in the camp that prefers to blame the victim rather than honestly examine the perpetrator.

Those crazy bubblionians were being seduced by a vastly corrupt and criminal minded elite who stopped at almost nothing to fraudulently seduce the unwary.

Just look at what the PSLRA of 1995 has wrought. A culture where criminals who've fleeced billions from the public can walk free because they can hide behind legalistic constructs that violate every moral and ethical code of conduct.

And what of the outrageous abuses of the CEO imperialists. Ebber, Winnick, Rigas, Waksal etc., etc. all of them raping their employees and shareholders for the sake of greed.

I strongly protest your characterization of who is responsible for the meltdown of the American capital markets. It is the crooks in charge who need to exposed, ridiculed, imprisoned and finally tossed aside by a decent society.

All the best, Ray
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