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It's funny that we never heard this sort of call
for justice back during the bubble years. In fact when somebody would dare
bring attention to any of the government/corporate corruption they were
either ignored or scoffed at. I recall CNBC talking about the hate mail
they would receive anytime they or a guest said anything negative about the
market or a stock. And there were ample examples of this same
behavior/attitude on all of the trading forums.
And let's not forget that we were told daily, and
ad nauseam, by our political 'leaders' that character and integrity didn't
matter...as long as the economy was good and the market was going up who
cares? And like sheep we kept electing and reelecting the yahoos
that were telling us that.
Now after the bubble has burst and the market
is in the process of erasing all of the excesses we want to find
poster boys/girls to string up in public so we can say "we got the bad
guys". And we also have those same elected officials that were/are in
the "who cares" camp proposing more government as a solution to
the problem...give me a break.
I'm all for stringing up the "Chief
Grifting Officers", but if we're going to do that then we also need to put
right along side of them the 1/3 of Congress who told us repeatedly that
character and integrity doesn't matter along with the part of the
population that supported and promoted that BS.
It's a team effort folks.
Bob Heisler
<A
href="http://www.rjhtrading.com";>www.rjhtrading.com
<FONT
face="Times New Roman">From: "Kent Rollins"
<<A
href="http://groups.yahoo.com/group/realtraders/post?protectID=200056234165127135072056066208229100039102166102209171188199";><FONT
face="Times New Roman" size=3>kentr@xxxx<FONT
face="Times New Roman">> Date:
Wed Jun 26, 2002 2:07 am<FONT
size=+0>Subject: Re: [RT] E-Mini
Mini-Crash
This was announced at about 6:30pm EDT.
WorldCom Finds $3.7B Hidden in
Books<A
href="http://apnews.excite.com/article/20020626/D7KCKDLO1.html";>http://apnews.excite.com/article/20020626/D7KCKDLO1.html
P/E ratios have been shrinking. I heard a statistic
today on one of the cable channels. It said there is a 43% difference
between the "pro-forma" earnings that S&P companies are trying to pawn off
on the investing public and their actual bottom line earnings. That's a
mighty big air pocket.
Someone needs get a rope and start stringing up the Chief
Grifting Officers. That ought to keep things in line for another
generation or so.
Kent
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