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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: JamesB who wrote (9795)	3/24/2001 5:41:08 AM
From: ChrisJP	Read Replies (1) \| Respond to of 11130

I've posted that I think that we'll know the markets have hit rock bottom when the Senate holds hearings on the matter of "conflict of interest" regarding stock analysts at influential institutions. I can't wait. The SEC was formed in 1934 ....... when the DOW hit rock bottom. (BTW -- I think that number was 43 !). This time should be no different. Lock that gate looooooong after the horses have gone. Just as banks were no longer allowed to hold stocks, I think we're gonna get some legislative reform to deal with the total disgrace of analyst "buy" and "hold" recommendations. I have another controversial theory: History will look back on Greenspan as the guy who gave us the longest uninterrupted period of stable economic growth this country has ever seen. He will be remembered as the guy who cautioned against excessive stock market speculation. He wasn't perfect, but you know, he wasn't the guy telling everyone to buy. History will also point the blame where it ALWAYS belongs: The Financial Institutions. They had the most to gain from this bubble. They were the ones making a fortune bringing companies public and getting the public to bid shares of stocks up 1000% - 10000% higher than they should have been. Hope that foot's feelin' better <g>, Chris