Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (20857)	7/7/2002 2:17:55 PM
From: portage	Read Replies (1) \| Respond to of 74559

>>Jay, being a liberty-loving individualist, I'm not in favour of collective guilt and punishment. Foolish investors in Globalstar, Global Crossing, Enron, Worldcom, rafts of cyberspace companies and other things have been cleaned right out. They cannot be more punished. >> That's fine, to an extent, when the rules are fair and the game hasn't been rigged. Many of the foolish could better be called the fooled, as the events have demonstrated. The ultimate accounting scandal is that the crooks don't seem to be accounting for their crime with hard time and total restitution, since their ilk paid off the gov't to write the rules for them. If you think you've seen the end of the insider swindling washout and p/e's are going to stay in the high 30s in perpetuity, well, unh unh. Don't get me wrong, I haven't suffered personally from any of this, or gambled in those particular companies' casinos. But the rot in this system is going to screw a lot of good "little" people while the thieves retreat to their bankruptcy protected mansions. Oh well, you say. The sorriest part of the whole lot is that two of the participants and former cheerleaders, HarkenBush and HalliburtonCheney, will be lecturing us on Monday. Surrealism reaches new heights. I'd be reaching for the barf bag, but I have no intention of listening to their sham.

To: Maurice Winn who wrote (20857)	7/7/2002 3:21:24 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

BLAME THE VICTIM! Maurice, Re: The insider swindling was a relatively small proportion of the financial destruction. Preposterous sophistry I the mildest term I can come up with to describe this bit of bull-oney. I'd say almost everyone with a clue would suggest insider self-dealing is the root of all of this market collapse, and you're not fooling anyone by blaming the victims of criminal corporate swindlers and their culture of corruption. Please try to get back in touch with reality when it's convenient. <smile> Pitt resignation demanded: abcnews.go.com Enron Board Guilty as Hell: salon.com Bush: Guilty as Hell: Message 17700626 sfgate.com ledger-enquirer.com Cheney: Guilty as Hell: montanaforum.com public-i.org unansweredquestions.org biz.yahoo.com

To: Maurice Winn who wrote (20857)	7/8/2002 12:38:48 AM
From: paul_philp	Read Replies (2) \| Respond to of 74559

There is little evidence that we are inside the event horizon of financial stability. There is increasing evidence that the world is going to escape the biggest irrational exuberance in history without mayhem or even significant disruption or even recession. That's thanks, to a large extent, to the confidence instilled by Uncle Al in the stability of the US$. Mqurice, I am very glad that you keep bringing this up. The evidence is increasing that a recovery is building momentum. The economy in Canada is downright hot right now with a second interest rate hike with no corresponding US hike coming next week. It is not time to pull out the champagne (or a Malborough Sauvignon Blanc) yet but a quick cool Guiness may be in order. BTW, in terms of % of GNP, the 1845 railway bubble was slightly larger than our bubble. They are both about twice the size of the next tier though. Also, we have to differentiate asset-manias from technology-bubbles. One has no economic net positive and the second has massive economic net positives. Paul