Re: Why Non-financial Taking a hard hit
bookr...@yahoo.com
jon wrote:
> Street has taken a lot of people's hard earned dough. Bankcrupted
> companies didn't reveal a thing until they announced the chapter 11 or
> outright bankcruptcy. I wonder why didnt SEC chairman Cocks, who was a
> house of rep from California, do a thing before harming the little
> guys. Are there rules that supposed to protect the investing public?
> Why didn't companies
> (all CDOs related firms) come clean like european companies telling
> public how much
> they have asset written down? Nothing is better than a vote of
> confidence. Now we all are
> in the dark. As long as the CDO markets remain illiquid, investing
> public around the world won't go long. No one knows when will the next
> bombshells to come. What a financial terror Street
> has created and exported to the world. This stock has limited upside
> due to unknown and the downside is measured by anything negative
> including chapter ll.
well jon, you're right, now what're you gonna do about it? you can
either gripe or you can treat it like an investment opportunity the
likes of which come less than once a decade ;)
just make sure you don't panic when the inevitable short squeezes
happen, like today. we know what the trend is, and the fact is even
the fed is not big enough to bail this one out, in my opinion. the
only thing that can prevent the implosion of the financial sector is
some kind of positive event of *even greater* magnitude... maybe
friendly space aliens dropping by for a visit? lol.
