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Old 02-07-2002, 11:23 PM
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Default Re: \":accounting problems2\"

Well maybe its a healthy change from people riding too damn much on earnings releases. If company A misses by a cent does that imply its future expectations should be reduced by 5-10%? Of course not, that is the ridiculous thing and this line of thinking is what fed Enron. Lets face it, much of the public is stupid and falls into this racket that is spread by CNBC, the I-Banks, high tech companies, and so many others. Fundamental economics leads into cash flow projections which leads into stock prices, that is how it should be. Since the market doesn't function that way so much these days, I only invest very sporadically in individual shares.
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