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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (175770)6/26/2002 11:37:29 PM
From: B.REVERE  Read Replies (2) of 436258
 
This guy may be onto something. (bg)Comment:

The current volatility in the equities markets is primarily due to a loss of consumer confidence following a daily parade of corporate scandals. Investors are right to be concerned as they wonder who is looking out for their interests. Certainly the Board of Directors at many corporations have failed in their obligations to look out for the shareholders interests and keep a tight reign on executives excesses. Much of the time the directors and corporate executives appear to be in bed together. The result has been a recent lack of investor participation in the stock markets. Many have decided to forgo stock investing altogether and instead dabble in real estate. Eventually many of these discouraged investors will seek out other alternatives such as precious metals to wait out the litany of scandals that continue to come light. It has not gone unnoticed how strangely the markets have been reacting to such news as the WorldCom and ImClone scandals. The USD index has strengthened and the U.S. market indices have strongly recovered in late day trading suggesting that there may be some “curious” intervention behind the scenes. This “intervention” is not likely to be sustainable long term without investor participation.

- Jon H. Warner -
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