[Vets_Husband_and_Wife]

More housekeeping.

I heard this regarding QWest, so if I did,.. the market has already reacted to this news. (I'm sure QWest was one I had heard of regarding accounting problems, perhaps Global? Anyway.. they are already connected to someone in the news already).

The real deal will come after August 14th. It may even diffuse the October factor. We are considering purchasing stock around November.

What is encouraging is all indications are that the Administration is handling this just right. They are looking at "sound fundamentals", and those are in place. They aren't trying to win political seats come November, based on a fear factor like the Media. I think this may backfire tremendously on the Dems.. people are growing weary of all the media hype that is driving these markets lower (negative news constantly despite only 1% of the corporations having messed up = emotional reactions vs. solid economical facts) Good growth rate per our Government, etc.

We just have to get rid of the dust mites to complete the housekeeping (thus perhaps a bloody August),..and then can you spell B-U-L-L? :o)

We will (thanks to this administration) have cleaned up all the lying and deceit..and have a market based on TRUE value and GROWTH!! Thats a "good thing". Just MHO

[1234]

...We will (thanks to this administration) have cleaned up all the lying and deceit..and have a market based on TRUE value and GROWTH!! Thats a "good thing". Just MHO

sure; right...on....

[mlocher]

if you will allow me to disagree with you on some of the minutia (e.g. more dust mites to clean up -- but i did like your analogy), i totally agree with your analysis. buy, buy, buy, buy!!!

bush is doing all the right things. folks who are accused of wrongdoing and fraud are being arrested, he is not sponsoring any major shakeup of the markets, some minor things to demonstrate the culpability of the ceos to us itty bitty investors are being encouraged.

[terilyn]

You heard correctly. I'd say the market has already heard and reacted.

Closing price Friday 7/26/02 = $1.50

[jumpstartme]

The real deal will come after August 14th. It may even diffuse the October factor. We are considering purchasing stock around November.

I agree that the "real deal" will come after 8/14 when CEO's must sign off on their books.

I also believe that buying single stocks (any single stock) for the balance of this year is extremely risky.

Just this morning, the Financial Times published an article documenting debt among power companies and energy traders that could soon dwarf that of WorldCom & Enron combined. The total debt amassed by these firms is around $450 billion...The market has not adjusted for something like that.

The article goes on to say that much debt is recorded off balance sheets, so these disclosures will be shortly forthcoming.

Personally, I think such a massive fraud and debt load (reportedly being carried by Citigroup, JP Morgan, and a few others) will have a very negative impact on the markets and the banking sector. I don't think we've seen the bottom yet and November may be too soon.