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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (3817)	12/12/2001 11:39:24 AM
From: ild	Respond to of 24758

<<<it is hard to be bullish on any currency >>> That's my problem too. US$ is junk but there is no better alternative. I'm heavily in golds, this year they are doing OK.

To: Ahda who wrote (3817)	12/12/2001 1:16:35 PM
From: Ahda	Respond to of 24758

In congressional testimony, Andersen Chief Executive Joseph Berardino admitted for the first time that the Big Five accounting firm had erred in its treatment of one Enron special-purpose entity (SPE), a type of financing vehicle widely used by the company to keep debt off its balance sheet. ``We made a professional judgement about the appropriate accounting treatment that turned out to be wrong,'' he said. I look at this and can't help being angry as i think of exicite@home and valuation that created buy outs and mergers that had very limited value to start with. All was based on future performance on that which was not performing in the present to substantiate the value we placed on future. I guess this has to do with per proforma. Seriously i believe if we don't change our methods of addition, the only people we are going to outsmart is ourselves. We have experienced a minor blimp in this system with the dot com drop outs. We can't continue on this course where we look back in history only to see how too creative has backfired completely and questions the base of our entire economy.