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To: GST who wrote (142975)	6/13/2002 2:05:59 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

The nascent global economic recovery begun earlier this year is threatened by the creeping number of corporate accounting scandals, the International Monetary Fund (IMF) has said. IMF assessment Corporate profitability threatens economic revival More consolidation likely among banks Inflows to emerging bond markets have fallen Insurance companies more vulnerable to financial shocks The wrongdoings have cast doubt over the quality of financial statements, sending stock markets reeling as investors pulled money out of stocks in search of safer investments.

To: GST who wrote (142975)	6/13/2002 11:09:06 PM
From: schrodingers_cat	Read Replies (1) \| Respond to of 164684

Hi GST! 9/21 low was 966 on the s+p so we are very close to retesting that We need a successful retest to put an end to this bear market. COMPX is also close and NDX is retesting. If it is going to fail then NDX closing under 1090 would likely be the first indication of trouble. There's lots of gloom out there so I hope that is enough for a bottom. Hopefully it won't take total despair, since if this retest fails then that is where we go. Is that likely with a strong economic recovery underway? I don't think so. Cat.