Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

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Nov 21 9:30 AM EST

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To: Knighty Tin who wrote (20038)	6/9/1998 2:59:00 PM
From: 16yearcycle	Read Replies (2) of 70976

"the writeoff scams inflating earnings has been going on for this entire manic bubble." That is a good one. I am now totally convinced that the only time in stock market history that earnings there have been "inflated earnings" via accounting tricks has been during the drive from dow 1000 until now. Starting in the early 1980's, businesses realized they could fleece an unsuspecting public for the first time. Until then, all information given to you by a public company fitted a specific standard, and you could be sure that the reporting was conservative and accurate. There were simply no crooks, and no scams. Part of the problem is that they now teach a lot of this in business schools...since it has worked so well in making big money fast. Someday we will return to the honesty that existed back in the 20's and 30's, when all accounting was above board. All this fraud has caused a huge bubble that will pop soon, dropping the dow to around 2000. Buffett said it best recently when specifically asked if there was a bubble on cnbc. He said, I think, "There is a bubble." Did anyone else watch that? I got it right didn't I?

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