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To: Silver_Bullet who wrote (11338)	7/24/2002 1:00:26 PM
From: Bucky Katt	Respond to of 13094

If the stocks in the S&P 500 followed the way GAAP should really be followed vis-a-vie their earnings, or lack of, they would be 50% of what they currently indicate. In other words, a compnay that shows $20 million in earnings would really have only $10 mil, and a company with a loss of $20 million would really have a $40 mil loss. Now that will cause one to pucker-up....... I don't think anyone can really get a grip of how nasty this stuff has become. My wife is a CPA and has been shaking her head for years regarding public company accounting b/s. Will read that article, thanx.. Edit, just read that, interesting, and it goes with my above thoughts...