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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Secret_Agent_Man who wrote (83737)6/23/2002 9:27:23 PM
From: DebtBomb  Read Replies (2) | Respond to of 99280
 
Futures halted. LOL.



To: Secret_Agent_Man who wrote (83737)6/24/2002 1:36:05 AM
From: T L Comiskey  Read Replies (1) | Respond to of 99280
 
borrowed..

Re: I've taken a hit on Wall Street just like every body else,

Count me out of your "everybody". I've been in cash since April, 2000 because the market smelled so very wrong. I haven't taken a hit since my last day to be long, dropping $30K in one day was enough to wise me up and take my chips off the table.

You can also count the following out of your "everybody":

Player Scam Appoximate Winnings
Lou Pai - ENE $300 MM
Ken Lay - ENE 200 MM
Jeff Skilling ENE 150 MM
Andy Fastow ENE 30 MM
Other execs ENE 500 MM
Dennis Kozlowski TYC 300 MM
Gary Winnick GX 775 MM
John Legere GX 20 MM
Martha Stewart ?? 150 MM
Jim Crowe LVLT 150 MM
Kevin Kalkoven JDSU 100 MM
Josef Straus JDSU 150 MM
Other CEOs who's stock has lost
at least 50% of value from peak 2,000 MM
__________
TOTAL WEALTH TRANSFER 4,825 MM

Which, not coincidentally is just about equal to the losses in the stock market from peak valuation in March, 2000 to today.

Basically, the American corporate plutocracy is working in exactly the opposite fashion to Robin Hood. This "free market" is transferring the wealth of the middle class to the richest 1/2 of 1% of now seemingly completely unworthy schemers, con artists and criminals.

Don't you feel lucky to live in such a great land?

Le Faineant Qui Voit