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To: Tom M who wrote (248275)7/3/2003 11:36:52 AM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 436258
 
Tom,

<<Have you seen any signs of us moving towards the truth so we can start repairing system?

Not lately. <g> Do you think it can be repaired without financial pain?

>>Seriously I'd like your latest take on what's going on.

I have no idea what is going on except that Wall Street has not changed since they opened the doors. "take the customers money and keep it". The prices people are paying for equities is off the map. IMO, the debt these companies are taking on will be heavy to carry going forward.

We could be in the part of bursting the bubble where the stock investor gets the message that stocks are dangerous to their financial health. I would think the latest ruling from the Merrill case should get the investors thinking they are not going to be bailed out from the emotion of greed.

I am in survival mode and hope that I make it.