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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: JLS who wrote (24672)	4/26/2000 9:31:00 AM
From: Rande Is	Respond to of 57584

Great find, Julie. . . . The Japanese government, horrified by the scandal, has now announced it may ban Goldman Sachs Arthur Levitt, the Securities and Exchange Commission (SEC) chairman, has repeatedly complained about the glowing reports that analysts issue on companies with which their firms hope to do business. One 30-year Wall Street veteran says: `It is the most corrupt thing I have ever seen. After the market crashes later this year or next, you are going to see congressional hearings into all the terrible things that have been going on.` Television presenters, who often seem to have the flimsiest understanding of finance, are accorded the status of Wall Street gurus. By merely mentioning a stock they can double its price in 10 minutes. High on hot air: World Online`s Nina Brink, Merrill`s Henry Blodget and Morgan Stanley`s Mary Meeker have all played a part in the recent dotcom hype. NOW THAT'S WHAT I CALL NEWS!!