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Strategies & Market Trends : Galapagos Islands

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To: paulj who wrote (7795)	10/17/2002 8:33:09 PM
From: MulhollandDrive	Read Replies (1) of 57110

financialsense.com nice read... How do you make a bad situation look better? You control the spin by recasting the bad situation a more favorable light. If the numbers don’t come in as anticipated, you keep lowering the benchmark on a revolving basis until the results actually look good. You will notice the story is over how much a company met or beat analysts’ estimates. This keeps investor attention focused away from actual results. The dearth in earnings improvement is never talked about or analyzed. The story is always on the estimates, which are always made to make earnings look better than they actually are. It is all part of a rigged game that is looking more and more like professional wrestling. The truth of the matter is what actually goes on Wall Street these days is beginning to resemble an adult fantasy theme park. What you see is more fantasy and fiction. Nonfiction went out in the 90’s with the new era in earnings and reporting. The government is now busy investigating much of the fiction of that era while ignoring the fiction of today. The Four-Step Rally Process Phase 1 One-two-three-day rallies, sparked by intervention at key support levels. Phase 2 Short covering drives violent upside surge in indexes. Phase 3 Day traders come in and increase short-term momentum. Phase 4 John Q comes in at end of rally after uptrend has run out. "What's the difference between professional wrestling and the stock market? Everyone knows wrestling is fixed. With Wall Street you only suspect it." John Crudele, NY Post, 10/15/2002

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