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To: Bill Jackson who wrote (85703)7/24/2002 2:21:59 PM
From: PetzRead Replies (1) | Respond to of 275872
 
IMO, this bear market will end when LBOs are resurrected. There are now plenty of companies at or below book value, interest rates are low, and there will be increasing costs and embarrassments meeting SEC requirements. A company wihout public shareholders doesn't have to answer to the SEC because if its accounting isn't honest, its fleecing itself, not the public.

I also think the bear market will end with a wimper, not a bang, like 1982, and it will not end until at least two months after the Dow Utility average bottoms.

Petz



To: Bill Jackson who wrote (85703)7/24/2002 4:22:41 PM
From: tejekRead Replies (1) | Respond to of 275872
 
In fact we are entering the dawn of a new age of free standing research companies. People like Bloomberg whose bread and butter is the research they sell are probably a good buy? unless they are privately held?
Who will provide research for the retail investor, who wants to avoid the broker picks? Since I make my own choices it does not affect me, but many people in the past have taken the broker picks....now the class action lawyers will go fishing in that fertile sea for clients who lost money from broker picks. There are so many fish in thet sea you can almost walk upon them.


Bill, I think analysts and brokers will still make recommendations but they will be based less on financial arrangements and more on company fundamentals.

ted