Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (63480)	6/29/1999 5:05:00 PM
From: Mike M2	Respond to of 132070

Wayne, i agree, my perception is that many of the current excesses blow away anything that we have seen in history. Valuations, public participation, aggressive accounting, management of earnings expectations, stock options giving management a strong incentive to maximize short term gain often at the long term expense of the company - there was a time when a company invested in the growth of its business not share buybacks , derivatives, hedge funds and the carry trade. Sounds like a recipe fer tough love and economic violence whether we want it or not. When the bubble bursts I hope they don't blame me.-g- HO HO HO Mike

To: Freedom Fighter who wrote (63480)	6/29/1999 7:57:00 PM
From: SteveP	Read Replies (1) \| Respond to of 132070

Wayne, <<I just suspect that it was never this bad and the general excesses were never this extreme.>> This may or may not be true. I'm not old enough or experienced enough to have a real long term perspective on this. However, as with many things these days, information flow is so much easier and faster that I think it may be that we're just much better informed and knowledgeable than we were in the old days. Heck, I gotta believe my own personal education in the stock market took a much shorter period of time than that of the elders in my family. If I had to either rely on the info my broker spewed out or hit the library to view a three month old Value Line every time I wanted to learn something, I'd be a whole lot more ignorant than I believe I am now. So, I think many people these days just understand the system much better than folks in the past. One no longer has to be an insider to know how some of these shenanigans work. Heck, the old timers on Wall Street must really be lamenting the advent of the Internet. Makes it a lot harder to pull the wool over the eyes of the sheep. However, don't get me wrong, I know and you know that there will always be sheep and for that, the boys on Wall Street drink heavily to each and every night. Steve