Wednesday, January 23, 2008

REALITY COMES TO WALL STREET...

REALITY HAS COME TO WALL STREET ....NOT ON LITTLE CAT'S FEET...BUT LIKE GODZILLA POPPING OUT OF THE OCEAN!

NOW COME THE MONSTERS... EVERYTHING WILL BE ON THE TABLE. FUNDAMENTAL DOCTRINE WILL BE QUESTIONED...

DOES IT ALWAYS GO UP...? PERHAPS NOT... PERHAPS IT NEVER REALLY GOES UP...IT JUST INFLATES WITH THE DEVALUED CURRENCY.

WHERE THE "CORPORATE PROFITS" REALLY FROM CORE BUSINESS ACTIVITY OR WAS MOST OF IT JUST TRADING GAINS ON THE EXCHANGE OF "BUBBLE PAPER" FROM THE GREENSPAN DAZE...?

HOW MUCH OF IT WAS JUST FAKED ACCOUNTING...A LOT MORE THAN WE KNOW NOW I WOULD BET...

AFTER ALL, STOCK PRICES ARE TOO IMPORTANT TO BE LEFT TO THE BEAN COUNTERS!! THERE WAS REAL MONEY TO BE LOOTED HERE BY THE CULT OF THE CEO...AND A FEW GEEKS IN ACCOUNTING WERE NOT GOING TO STAND IN THE WAY OF "PROGRESS."

BACK IN 1720 THE COLLAPSE OF THE GREAT SOUTH SEAS BUBBLE DISCREDITED CORPORATIONS FOR 200 YEARS...!

THIS COULD BE A REPLAY OF THAT PRIOR BUBBLE DAZE...