Stock Market in Landmark Plunge<P>

self | 06-21-2002 | self

[Tuco-bad]

The S&P experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P down 14 of the past 17 weeks.

[Lazamataz]

I'm just gonna keep dollar cost averaging.

[Lazamataz]

BTW - If you are interested - I am a lesbian, trapped in a man's body.

She don't like liberals.

[ThinkDifferent]

This is a buying opportunity the likes of which we haven't seen in two decades.

Agreed, although I thought that was the case several months ago and acted on it. Oh well, dollar cost averaging will eventually come out ahead...probably...

[Xenalyte]

Isn't that a Flaming Lips song?

[Tuco-bad]

She don't like liberals.

Speak for yourself John Alden.

Besides I'm the most consevative person in the FReeRepublic.

[cynicom]

Laz...

Some of those "experts" get their Chinese twisted, and it comes out "byhi sello". Of course that language problem pops up when they are spending your money.

[Xenalyte]

Many thanks, but I already have an overly liberal guy at home. :)

[KSCITYBOY]

Desperation doesn't play well!!!

[Lazamataz]

Isn't that a Flaming Lips song?

Hah! No, but I hear she don't use jelly.

[Aggie Mama]

Well, I bought today. Not that my measly purchase can compare to institutional investors, but hey, I'm doing my part. Besides, I just can't resist things on sale. ;)

[Lazamataz]

Besides I'm the most consevative person in the FReeRepublic.

In an "up-is-down", "black-is-white", "what-is-the-definition-of-'is'" kind of way.

[PoisedWoman]

Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books

Last night, PBS's Frontline did a couple of hours on this. Terrific show, well-balanced, extremely informative. Traced Arthur Anderson problems back through the last decade, showed Connecticut Senators Dodd and LIEberman as part of the reason why Enron could lie, cheat, and steal so easily, pointed fingers at Tauzin of Lousiana too and at Bush's new SEC chairman, named Pitt, who came in from heading the accounting industry's lobby organization.

All in all, it's a huge mess, with questionable accounting practices sanctioned by congressional piggies unwilling to offend their big donors.

Frontline really got on LIEberman's case, showing his picture with voiceover "some of the senators who were the most shocked, shocked I tell you, were the very senators who made sure accounting regulations were swiss-cheesed with loopholes."

But Pitt is going to be very vulnerable to attack. As accounting industry spokesman until recently, he's accused of being "the fox who guards the henhouse." Plus, he looks like a jerk. Hope Bush can find a better SEC chairman before the foodfight begins.

[Xenalyte]

You're kidding, right? Sheesh.

I thought I was done explaining that Reaganomics WORKED for us.

Or perhaps you're younger than I am, which means you have no memory of the Carter years, and therefore lack understanding of what Democrat leaders do to this country every damn time they get elected.

[WhiteKnuckles]

That was funny!

[discostu]

you haven't been watching the news. The reason things "did well" in the Clinton economy was that the fox was gaurding the hen house. As more and more companies get busted for bad accounting practices it's becoming apparent that things weren't going well under Billy, they just looked that way because the books were cooked. And we all saw this trouble coming in 2000, Bush wasn't making things up when he said the economy was headed for trouble, all the halfway honest talking heads had been saying the same thing long before he did. The problem with an economy based on smoke and mirrors is that eventually somebody turns on a fan.

[cynicom]

Did someone say today that perhaps Merck would be the next one caught with "creative book keeping"??????

[BeHoldAPaleHorse]

I just looked in the Landmark Plunge (it's just down the street from my apartment), and the stock market wasn't in there.

[Tuco-bad]

Many thanks, but I already have an overly liberal guy at home. :)

Do you need a conservative?

I could change.