The Angry Market

Business Week ^ | Cover date July 29, 2002 | Anthony Bianco

[Dog Gone]

The blunt message: Investors are repricing stocks to reflect a more honest picture of earnings, options, and the future. Ultimately, that's good.

Markets are fragile things. They depend on a confidence that accumulates gradually but can be shattered suddenly. Our financial markets survived the devastating attacks of September 11 as the nation rallied to the banner of aggressive self-defense. But in recent weeks, an epidemic of corporate scandal seems to have picked up where Osama bin Laden left off, demoralizing investors and threatening the economic recovery. Wall Street and Washington now are embarked on what amounts to nothing less than a restating of the 1990s. The markets will be a long time sorting through the economics of corporate reform. In the meantime, investors should find solace in the hope that the next bull market will rest on a solid foundation of reality.

[ken5050]

If you remember, in 1988, or 89, the Business Week cover "The Death of Equities"..marked the beginning of the bull markewt that lasted for more than a decade.......so, this article may be a good sign....

[Destructor]

No it isn't! You must sell now! Before it's too late!!

[B4Ranch]

Australian Brothel Plans Stock Offering

[Vets_Husband_and_Wife]

The best article I've seen in a long time regarding what is going on. This is a correction..and a good thing. I want to be part of the Bull Market to come. IT will be the "real" thing. Thanks for posting this!!

[Renegade]

This whole mess was initiated by the Clinton administration when they went after Microsoft . THEY knew of the overblown accounting practices and KNEW ALGORE had no chance of winning in 2000. SOOOOO lets make it more enticing to win the big one in 2004 after the market tanks ( which they started ).

[Willie Green]

Don't know much about business or the stock market, do you?

[Renegade]

I do know Willie boy that the Clinton administration put this country in a bind.. I bet you haven't lost a dime ---Huh????You know Martha Stewert too???
If you're STILL rich you must be a smart guy ( or a Demorat )

[TightSqueeze]

On one link you recommend buying today, on this link you suggest selling. When it comes to investing, I personally doubt you know your ass from your elbow.

Today, the shorts bitch-slapped and ate the lunch of all the children who showed up at the playground. Tomorrow is another day, come back again and play, but don't forget to bring your lunch money.

[Dog Gone]

I think he was being sarcastic here. He claims he's buying, but if he is, he's losing more than his lunch money.

[Destructor]

Very perceptive dog. I was being sarcastic. At least you have more sense than tightsqueeze, but that's not saying too much!

[TightSqueeze]

At least you have more sense than tightsqueeze

Yeah, tell us about the one that got away, I am always up for a good fish story, woulda, coulda, shoulda. I surely had enough sense today not to buy any of them nasty cheap looking (cheaper tomorrow) stocks.

[Destructor]

When the market does go back up you'd better think about getting a new screen name! 'Cause I'm gonna give you SO much hell!! When I cash out I going to "bitch slap" you!

[Pegita]

BTTT ...

[Dog Gone]

Are you going to cash out during the dead cat bounce or ride the market down to its real bottom?

[Freedom'sWorthIt]

Your post #6 wins the prize. They went after Microsoft knowing Clinton would not be running in 2000 and they really didn't care if Algore won- though they did - but not really since Hillary wasn't on the ticket. They knew the economy was on a false bubble - and the plan is to kill the economy because THEY STILL GET THEIR MONEY, DONCHA SEE??? no matter what the economy does. They don't lose a penny.

It's all about Global Socialism / Communism anyway - and they intend to destroy our capitalist economy any way they can so that using the "politics of meaning" they can rebuild our country on the Euro or Sino model!

Hillary and her boss, Satan, are enjoying this more than they can ever let on - because it's not nice to see people dancing with glee as others suffer. But if we could see him - Satan - and her - Witchillary - we would see a cavorting around the campfire like nothing we have seen in this country since the 30's.

WAKE UP, AMERICANS! UNITE AND FIGHT - THE ENEMY IS INSIDE THE GATES AND IT IS THE DEMONCRATIC PARTY!!!

[nutmeg]

Bump for later reading

[truthkeeper]

Good post, thanks. BTTT

[Destructor]

I'm in buy mode, and I'm not looking for the "real bottom." As the adage goes, "Make hay while the sun is shining." If the Stock Market continues to go down I will continue to buy! I will hold the stock until it goes back up to my target sell price. I know that this will take a while- thanks to all of the white trash corporate criminal CEO types. I have nothing but time, and time is on my side. I will come out on the other side of this a wealthy man!

If you continue to wait for the "real bottom" you may never do anything. Buy carefully, buy soon, and hold it until you can take profit.

[ThePythonicCow]

THEY knew of the overblown accounting practices and KNEW ALGORE had no chance of winning in 2000.

My variation on that conspiracy theory is that Hillary knew she wasn't going to win in 2000, because she wasn't running ... then. She didn't give a rat's behind whether Gore or Bush won the dubious prize of dealing with the big bust. Either way was fine by her.

While I'm not in the White House, let's trash the place.