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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (5486)	2/1/2002 1:14:29 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Bravo, Yorrike, Plain spoken and sensible. I only hope that Congress can come up with the will to overrule the lobbyists who've held those who need truthful auditing hostage to a deeply conflicted profession. Because we're sure not going to get any help from Harvey Pitt at the SEC, who is being completely arrogant about self-regulation. He's got a total tin ear to the needs of today. If it could be organized, a buyer's strike in the equity market would probably get new regulation passed in a New York Minute. As soon as Americans give up on stocks, we'll see the system repair itself. -Ray

To: Yorikke who wrote (5486)	2/1/2002 8:46:29 AM
From: hugh thorne	Read Replies (1) \| Respond to of 33421

As this is not really related to JP's great thread - last comment. I am not sure about your backgrounds, so for anyone else reading these comments, i just want to say that the "point of an audit" is to test about 5 assertions that are inherent within static numbers and within streams of numbers. None of those assertions are "honesty" and as one would expect, they are a little more economic in nature! Draw your own conclusions.