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To: Lucretius who wrote (248957)7/9/2003 10:20:38 AM
From: MythMan  Read Replies (2) | Respond to of 436258
 
RealCommentary from TheStreet.com
Bears Keep Trying to Invent Negatives
Wednesday July 9, 9:21 am ET

By James J. Cramer,

One of the toughest things about being a bear is the dynamism of the market, its self-correcting tendencies that force you to rethink and that crush permabear status.

For example, one of the bears' greatest bones of contention is employee stock options abuse by companies. Bears say these options distort earnings, create short-term incentives to do the wrong thing and amount to built-in chicanery.



To: Lucretius who wrote (248957)7/9/2003 10:25:57 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 436258
 
well, if the market is overvalued and gets more overvalued ahead of actual earnings....Greenspan will have to raise rates to attract interest in his paper? Wait that won't work...we're a debtor nation not savers. But saving never helped Japan?

I think we need a new accounting system? So we can value earnings and growth we don't have yet or may never have? (I think we can get some more ideas from the fine folks at enron and wcom?)


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