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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (30641)	2/17/2002 6:34:40 PM
From: Night Trader	Read Replies (3) \| Respond to of 99280

If that bill ever gets passed, we will see Nasdaq 1000 this year for sure. However the lobbyists are already lining up to prevent this and will use phrases like "in the national interest" to get their way. With all the writoffs and option plans does anyone really know how much cash the Nasdaq has acually made over the last five years?

To: At_The_Ask who wrote (30641)	2/17/2002 7:12:40 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 99280

At The Ask: Here's a prediction: I couldn't agree more with your post. However, many of the analysts and talking heads on CNBC see this as a "temporary problem" which is company specific for Enron, something that will quickly fade from the collective individual investor's memory, with resumption of the Bull Market shortly thereafter. My prediction: The Global Crossing scandal (GX), is going to be investigated by Congress very shortly and will be every bit as disturbing as the Enron debacle. Investors will realize that this is NOT an isolated problem, that the never-ending parade of GX CEO's stayed on just long enough to line their pockets at the expense of the shareholder's. The complete disregard for shareholder value and frivolous issuance of millions of additional and unnecessary shares to enrich friends and buy political favors will shortly come to public attention. What will be even MORE disturbing than the criminal behavior at Enron is that much of what GX did was legal and stretched existing accounting loopholes and laws, suggesting to investors that this is a problem more widespread than would be suggested by Enron. The loss of investor confidence and increasing concern that will result from these Congressional hearings will continue to "put a lid" on the market and (IMHO) prevent aby significant rally, despite the slow trickle of improving economic data.

To: At_The_Ask who wrote (30641)	2/17/2002 9:52:50 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

At, anyone in the business selling to discount stores knew K-Mart was in trouble 3-years ago or more. This was no mystery. We were approached several times to do business with them, but passed. I did not want to deal with factors as they would have eaten all our profit, and K-Mart was not willing to pay cash in advance. 18-months ago I begged someone we know in business not to do business with them, or use a factor if they did (you could not get credit insurance for them anymore). They sold them on open account, and now they are out half of their equity in their business. Greed has a lot to do with the people that get taken down in situations like these. The people always think things like "that guy got screwed because he was stupid" and are blinded by their greed. In the end, there is a risk/reward ratio that needs to be reckoned with. Anyone who got screwed by K-Mart knew the risk going in. If they didn't, they deserved whatever they got for not doing their homework and acting accordingly.

To: At_The_Ask who wrote (30641)	2/17/2002 10:34:56 PM
From: Psycho-Social	Read Replies (2) \| Respond to of 99280

Tech Accounting Worries: I agree with the general scenario that you've described; but it's important not to overdo it and expect that tech stocks will go to zero before year-end. There will be a point at which bankruptcies taper off in the new recovery. There will be a point where investors and money management will get tired of having the media and politicians continually flogging the accounting scandal hype. In short, negative feeding frenzies invariably create good or great buying opportunities. Now, I just need to figure out when that buying opportunity is about to arrive.