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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: pocotrader who wrote (139830)	12/21/2008 12:35:58 PM
From: Canuck Dave	Respond to of 312809

He told them what they wanted to hear. "Here's 15% return on your capital for this year. Merry Christmas. Going to Bali again this year?" "Yes, thank you, Mr. Madoff. How do the markets look for next year?" "Our strategies aren't dependent on market direction." "Happy Hannukah to you too, Bernie." CD

To: pocotrader who wrote (139830)	12/21/2008 1:33:02 PM
From: prometheus1976	Read Replies (2) \| Respond to of 312809

IMO, you are unseemly harsh on the victims of the Madoff fraud.. Many of the individuals accumulated their wealth from sources other than the financial world (book deals,inheritances,saving over a long period from their mundane jobs,etc),and were not "sophisticated" investors regardless of their net worth. A number are ruined,and many will suffer a substantial loss with no hope of recovery.If Bre-x was unfair and a scandal,then Madoff is no less a disgrace simply because he stole from what were ,once, deep pockets. """ I have no sympathy at all for the Madoff investors as most were wealthy before they bought in.""' I think it is sad to have the results of you life's work and efforts( or your father's) stolen by guile and deceit regardless of the amount.I can empathize with them.. here's a headline i remember though i got out with a meager profit."Sugar is not so sweet for Conti Commodity" faqs.org Regards.P1976