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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (342)	6/13/2002 10:33:16 AM
From: Dave Gore	Read Replies (3) \| Respond to of 589

ANALYST's EXPOSED ---- I love it! I'm not a big fan of CNBC as most of you know. But, once in awhile they provide some classic insight. In case you didn't hear, Mark Haynes really pointed out how useless analysts are this morning. I loved it. In his typical dry manner, he picked on a couple firms who were upgrading TYC today. Also IBM. I love to pick on them too, because they really deserve it! Merrill Lynch put a "Strong Buy" on TYC at $58 (its high) and didn't downgrade it until it reached $16! JPM had a "Buy" on TYC at 50 and didn't downgrade until it hit $10! US Warburg had a "Strong Buy" on IBM at $125 and just reiterated today a "Strong Buy". I guess they have to get it right sometime, huh? I suppose this is nothing new, but just reinforces what we all know. Why analysts carry as much weight as they still do is beyond me.

To: 10K a day who wrote (342)	6/13/2002 3:58:46 PM
From: Threshold	Read Replies (1) \| Respond to of 589

I think it is silly to let them bribe the government not to press criminal charges against them. Fat, rich crooks are now openly running this country. In times past, it was a somewhat hidden fact. Either we take very drastic action in Washington, or we are in for a very extended dead market. I sure don't want to see the markets killed just to let a bunch of Wall Street crooks, the energy overlords and a whole pile of CEOs get ridiculously wealthy. Why do we have to suffer for their gross greed? Couldn't they just settle for being very rich, marrying that mother figure and having affairs with that daughter figure? I have never seen anything so blatant, excessive and fundamentaly wrong. Adding to my disbelief is that no one is doing anything about it. The world is watching and quickly selling off US equities and dumping the dollar. Harvey Pitt leads the 2nd falling of Rome.