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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (3944)	5/3/2002 2:11:50 AM
From: Mephisto	Respond to of 5185

"But the same doubts and concerns that are dogging American investors about the true health of the economy and the U.S. financial system--the anger over executives' rich salaries, the suspicions about brokerage analysts' objectivity, the lingering excesses of the technology capital spending boom, and the underlying fear that corporate accounting has been dishonest--are almost certainly registering with foreign investors as well. It may be only a coincidence, but the U.S. stock market, as measured by the popular indexes that foreign investors watch, is among the worst-performing of major (and many minor) markets this year. " latimes.com. Baldur, I don't have any confidence in the US markets either. Greenspan has kept interest rates so low that if there is a further setback in the economy, he will not be able to cut interest rates further. Also, housing rates have started to fall in my area. The drop could be local but people close to the real-estate scene tell me that when housing prices begin their drop, it is the beginning of the recession.