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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (6614)	7/11/2002 1:59:06 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Re: The fact is, Wall Street is probably more forthright today than ever before. What a crock of sh!t. Who does this jerk think he's kidding? Standards have slipped dramatically in the past 20 years of erstwhile "de-regulation". Basically all the nonsense about self-regulating markets is simply a setup for thievery. This article is pure cr*p. To put it politely. Lying nonsense. A vastly superior version of the same premise is here: washingtonpost.com """""""""""""""""""""""""""""""""""""" But that doesn't exonerate Akst for being an idiot.

To: Jon Koplik who wrote (6614)	7/11/2002 7:08:53 AM
From: Enigma	Read Replies (1) \| Respond to of 33421

Yes we can also go back to the South Sea Bubble - but I think the article missed the point that these scandals are so pervasive that major accounting firms have been involved in conniving even to the extent of shredding documents! So what does that do to our belief system? The general public is increasingly involved in the market through pension plans and individual savings plans. One can take a laissez fair attitude and say that the public should know better - but I side with those who are saying that markets can only flourish if they are regulated. BTW this IS a Market Lab is it not? Or is regulation de rigeur here but not for the Great Unwashed out there?