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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (13860)	7/27/2002 8:34:58 AM
From: stomper	Read Replies (3) \| Respond to of 19219

led by a few Judas goats with shiny credentials Great line. I'm gonna use it if you don't mind. -g- A few corporate scandals at the trough of a bear market I would take issue with this characterization. We have seen the disembowelment of several of the largest corporations in the world. Tens of thousands, if not hundreds of thousands, of workers futures crushed by same (literally). I highly doubt either said employees or their families and friends will "quickly forget" the pain, humiliation, financial angst and displacement caused by what you term "a few corporate scandals". And personally, I suspect we haven't seen the last one yet. With this movement toward a "new integrity" and substantial reform You're kidding me, right? Have you seen the provisions for the new corporate fraud bill? It is laden with gaping loopholes that a law clerk could drive a truck through. I sincerely hope you're right...but I'll believe it when I see it. most uncontrolled fraud against the capital markets of all: unrestricted short-selling Sooo, let me get this straight. You're interpretation of this bear market is that our capital markets have been driven down over the last 2+ years by short sellers. Short sellers who have maintained from the beginning of this bubble that pro forma accounting practices are improper and misleading (which has now been taken up as the new mainstream mantra). Short sellers who implored that companies were ridiculously overvalued and relentlessly hyped by mainstreet institutions using "new paradigm" exortations and half-baked metrics (which has now been shown to be patently true). Short sellers who said corporate fraud and resultant debt of same would act as a millstone around the necks of some of the largest companies in the world...you get the idea. Where exactly were they wrong? -dave

To: CYBERKEN who wrote (13860)	7/27/2002 10:12:12 AM
From: nsumir81	Read Replies (1) \| Respond to of 19219

Still blaming short sellers for 4000 pts of downside action. Cannot get anymore imaginative than that - g. Without this so-called "unrestricted" short selling, no more of your bear rallies. And your big hope for further big melt ups after the initial wave of short covering. Anything and everything will be cited and used to bolster one's own view, trading position, trading inclination (if out of market and sitting on sidelines in distaste). All done with the ego at work. Goes both ways again. Anyway.