Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] Market trend
Date: Mon, 05 Aug 2002 11:32:09 -0400
Next Article (by Subject): Re: [CANSLIM] OSTE "Chuck Dreier"
Articles sorted by: [Date]
[Author]
[Subject]
Dan:
I think institutions and retail buyers are not buying because they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. But so what. One don't know which company is engaging in fradulent accounting and which isn't.
I agree with you that seeing CFOs and CEOs in handcuffs isn't going to significantly contribute to investor confidence. However, what it does do (I believe) is deter other CEOs and CFOs from moving over to the dark side. That's why televising the Wall Street honchos is important.
Once investors see that the government is serious in enforcing the laws against fraudulent accounting, the market will be favorably affectd.
jans
In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes:
> This market is more effected by bad earnings and p/e's. The bubble burst a
> long time ago. It's just going to take more quarters to swing the market.
> Notice the newly handcuffed Wall Street perpetrators that didn't rally the
> market recently like the first arrests. I never bought into that. The real
> culprits are, p/e's, and earnings along with the 9/11 disaster that broke
> the camels back. Some say stocks are cheap. Yeah, tech's,
> try em.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] OSTE "Chuck Dreier"
Articles sorted by: [Date]
[Author]
[Subject]