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

To: pezz who wrote (20872)	7/7/2002 8:41:51 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 74559

Re: What you say if the bear ends this year amid these corporate scandals? That's a miracle even the Carroll's Red Queen couldn't pull off.

To: pezz who wrote (20872)	7/8/2002 12:02:20 AM
From: AC Flyer	Respond to of 74559

>>The system ain't broken so bad that some serious jail time and better regulation won't fix.....It has been broken before...<< Oh no, pezz, you're wrong. The US economy and everything in it has already been completely destroyed. The DOW is going to 1,000 and then EVERYONE will be as miserable as (Ray/Joel/DAK/insert doomster of choice here). :) Seriously, pezz, your comment is right on target. The SEC is already putting in place new regulations that will shatter the corporate veil and make CEOs and senior officers of public companies with more than $1 billion in revenues personally CRIMINALLY liable for fraudulent financial reporting. What's more, I believe these new rules are retroactive. There is some major scrambling going on now in Fortune 500 land. We will shortly see a few more companies "discover" that they have made some accounting boo-boos. After that, US public companies will have 100% squeaky clean financials. One more brick in the wall for the resumption of the bull.