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


To: Logain Ablar who wrote (6275)6/8/2002 11:49:44 PM
From: Raymond Duray  Read Replies (1) | Respond to of 33421
 
WALL STREET LOVES DECEPTION, IT'S THE MOTHER'S MILK OF THE INDUSTRY

Hi Tim,

Re: "The one thing Wall Street hates more than uncertainty is deception",

Hmmm, I find myself disagreeing with this statement, entirely. While the individual investor may not relish being deceived, on balance Wall Street's "sell side" views deception as a valuable tools for hoovering Main Street's loose change.

BTW, do you have an attribution for the quote?

*********************************
Here's another recent one that I find more in tune with the reality of the situation at hand:

“If the existing system keeps going on and on in its present direction, large American businesses are going to be widely hated and distrusted by the citizens of America”

-Charles T. Munger, vice chairman, Berkshire Hathaway Corp.
Los Angeles Times, June 2, 2002

latimes.com



To: Logain Ablar who wrote (6275)6/11/2002 6:30:05 PM
From: John Pitera  Respond to of 33421
 
I saw that quote on cnbc. actually I guess a number of people are all giving that same quote lately.