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These set of
crises are shaking the very foundation of US Capitalism....
as the Euro soars
against the USD, Europeans are really yuking it up....and saying "we told you
so"...
Where's our JP
Morgan saviour ?
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size=2>
What could happen
next ? Socialistic trends in the US accelerate....and government control
continues unabated....as government agencies are now the biggest growth sector
of the economy. As Fortune Mag just reported, the Health and Human Services
department would be in the top 20 largest in the S&P 500
list.
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size=2>
Suddenly, trading
at the Eurex and moving to romantic Amsterdam looks appealing
!
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid">
<FONT face=Tahoma
size=2>-----Original Message-----From: Bob Heisler
[mailto:BHEISLER@xxxxxxxxx]Sent: Wednesday, June 26, 2002 6:53
AMTo: RealtradersSubject: Re: [RT] E-Mini
Mini-Crash
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.
KentTo unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
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