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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: aka_Jimbo who wrote (7694)	7/19/2010 9:37:51 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 219567

Could be... this market won't go very much higher without getting a buy signal... so, I'll have to let the market tell me what to do, but we do have a bullish pattern today... GZ

To: aka_Jimbo who wrote (7694)	7/20/2010 4:52:24 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 219567

Why the financial reform bill won't prevent another crisis... By William K. Black, contributor July 19, 2010: 11:10 AM ET FORTUNE -- Financial regulators, white-collar criminologists, and economists all agree that perverse incentive structures cause crises and they agree that the finance industry's incentive structures have long been perverse. The Obama administration asserts that the financial reform bill the President will sign into law this week will prevent future crises. In fact, it will fail to do so because it does not effectively address those perverse incentives. Indeed, it increases the likelihood of the accounting scams that are the very reason why perverse incentives pay. Over time, crises have gotten more severe because many reform policies have the unintended consequence of encouraging these types of incentive structures. Executive and professional compensation create the motives, while deregulation, desupervison, and regulatory "black holes" create the opportunity. Accounting is the CEO's "weapon of choice" that transforms the perverse incentive into what economists, regulators, and criminologists agree is a "sure thing" in crises (means). That's the classic recipe for disaster: motive, means, and opportunity. The complete article: money.cnn.com GZ