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To: Les H who wrote (160856)4/18/2002 7:38:33 PM
From: Mike M2  Read Replies (2) | Respond to of 436258
 
Les, one other thing I have noticed is how the shills go out of their way to try to explain away things that have a negative impact on earnings but when unsustainable factors had a positive influence on earnings it was ignored. I first read about the esop scam in 1996 or 97. Companies selling puts and buying calls - Dell . Capital gains on DOT.CON POS. Very little was said on CNBS that those sources of earnings were unsustainable. It was mostly attributed to the productivity miracle creating a profit miracle. Now people can see much of it was hype and based upon misleading statistics and aggressive/ misleading accounting. mike