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Hello Zoran,
those auditors are also crooked :)
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Saturday, April 20, 2002, 6:02:11 PM, you wrote:
ZG> Every system needs a clean out!
ZG> Every major market top has excesses.
ZG> It is those excesses that create the fall.
ZG> Maybe BEAR markets are caused by the breakdown of fairness and rule of
ZG> law,
ZG> Or put another way unbridled greed.
ZG> From The Great Crash 1929, J. K. Galbraith, page 155:
ZG> "One of the uses of depression is the exposure of what auditors fail to
ZG> find. Bagehot once observed: "Every great crisis reveals the excessive
ZG> speculations of many houses which no one suspected."
ZG> But in this top even the auditors are crocked.
ZG> Zoran
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