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To: Real Man who wrote (344678)	10/1/2007 12:17:02 PM
From: NucTrader	Respond to of 436258

Was reading an article in the WSJ that said that the big loss Citi and others in their spot were taking on mark downs could actually help their earnings because under a new accounting rule they could claim the loss as a decrease in liability. EX: They paid $100, it's now worth $50, so their liability has decreased by 50%. Then, although earnings may suffer, when compared against the big drop in liability they're allowed to claim, their earnings may not look so bad. Of course it smells, but point is be prepared for some earnings that don't look as bad as some would think. Another excuse to keep the bull going...and I don't mean the bull market...