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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: jjkirk who wrote (1483)	7/5/2002 10:29:09 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

the next round of scandals will be from Silicon Valley hold onto your jockstraps and g-strings for the next ones they will include some highly respected companies and CEO's it will involve heavy use of borrowed money and resource diversions to purchase equity share buybacks the purpose is to prop up the stock to ensure stock option compensation packages remained lucrative even as executive mgmt sold the stock in droves IBM is only one example the others will be from Silicon Valley (so far spared) the locations of the scandals to date have been Enron - Houston TX WorldCom - Jackson Mzippi Xerox - upstate NY Sunbeam - dunno, northeast? Cendant - NYCity Global Xing - Bermuda ImClone - New Jersey/ New York notice nothing from Silicon Valley??? just wait the next round will be enough for the S&P to penetrate 950 convincingly and for Dow to penetrate 8500 convincingly and for NazComp to penetrate 1300 convincingly more insider trading scandals to come probably from biotech on FDA rejections, just like ImClone we have only seen the upper 20-25% of the fraud the next round will push down a USdollar accelerating downward which will set up for the Mother of All Scandals THE JPMORGAN & FEDERAL RESERVE GOLD SCANDAL coming probably early next year when the gold derivative "events" occur / jim