Stock Market Rally?

124

Comments

  • jlew24asu
    jlew24asu Posts: 10,118
    farfromglorified wrote:
    Famous last words....


    everything that is done at my company is audited and audited again to be in compliance to Sar/ox. people are paranoid at public companies. no body wants to be the next enron
  • farfromglorified
    farfromglorified Posts: 5,700
    jlew24asu wrote:
    everything that is done at my company is audited and audited again to be in compliance to Sar/ox. people are paranoid at public companies. no body wants to be the next enron

    Certainly nobody wants to be the next Enron. That just means they don't want to be caught.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,829
    jlew24asu wrote:
    everything that is done at my company is audited and audited again to be in compliance to Sar/ox. people are paranoid at public companies. no body wants to be the next enron

    If enough people at various levels are in cahoots, things can happen, but this would require the outside auditor, the company audit committe and a few lower level accounting staff members, who would issue checks to company big-wigs.

    The auditors would have to look the other way, and not question the nature of the payments.
  • jlew24asu
    jlew24asu Posts: 10,118
    JOEJOEJOE wrote:
    If enough people at various levels are in cahoots, things can happen, but this would require the outside auditor, the company audit committe and a few lower level accounting staff members, who would issue checks to company big-wigs.

    The auditors would have to look the other way, and not question the nature of the payments.

    yea like I said, nearly impossible
  • SundaySilence
    SundaySilence Posts: 537
    farfromglorified wrote:
    Ummm....one of them is dead the rest are relatively broke.

    "There are a few glimmers of hope for the Lay family, they still have a little something in the cookie jar for a rainy day. It won''t shelter them in the manner they''re accustomed to, but they should be able to take in a movie now and then. Poor Ken is down to his last 341,000 shares of Compaq stock (valued at about $8 million) and about 55,000 shares of Eli Lilly. It isn''t much, but it''s far more than what he left for the workers who trusted his leadership."


    http://www.goiam.org/content.cfm?cID=1549
  • farfromglorified
    farfromglorified Posts: 5,700
    SundaySilence wrote:
    "There are a few glimmers of hope for the Lay family, they still have a little something in the cookie jar for a rainy day. It won''t shelter them in the manner they''re accustomed to, but they should be able to take in a movie now and then. Poor Ken is down to his last 341,000 shares of Compaq stock (valued at about $8 million) and about 55,000 shares of Eli Lilly. It isn''t much, but it''s far more than what he left for the workers who trusted his leadership."


    http://www.goiam.org/content.cfm?cID=1549

    http://www.nytimes.com/2004/06/27/business/27ENRO.html?ex=1403668800&en=66e0ea9a13bf9831&ei=5007&partner=USERLAND
  • SundaySilence
    SundaySilence Posts: 537
    farfromglorified wrote:
    http://www.nytimes.com/2004/06/27/business/27ENRO.html?ex=1403668800&en=66e0ea9a13bf9831&ei=5007&partner=USERLAND

    From your article:
    ___
    Mr. Lay says he is sanguine. “I know in my mind I did nothing wrong and nothing criminal,” he said.
    ___

    Many would be happy to have this in their conscience when they die and leave their family a fortune.
  • farfromglorified
    farfromglorified Posts: 5,700
    SundaySilence wrote:
    From your article:
    ___
    Mr. Lay says he is sanguine. “I know in my mind I did nothing wrong and nothing criminal,” he said.
    ___

    Many would be happy to have this in their conscience when they die and leave their family a fortune.

    Is it wrong to put Mr. Lay's statements in a news article about Mr. Lay?
  • SundaySilence
    SundaySilence Posts: 537
    farfromglorified wrote:
    Is it wrong to put Mr. Lay's statements in a news article about Mr. Lay?

    no


    I read your article. There was no accompaning comment by you. What are you trying to convey by the posting of this article?
  • farfromglorified
    farfromglorified Posts: 5,700
    SundaySilence wrote:
    What are you trying to convey by the posting of this article?

    That the Lay family is not nearly as well off as mentioned in the op-ed you posted.
  • SundaySilence
    SundaySilence Posts: 537
    farfromglorified wrote:
    That the Lay family is not nearly as well off as mentioned in the op-ed you posted.

    The relevant part of your article is a uses Ken Lay himself as the source. I'm surprised Ken Lay still holds someones trust.

    According to federal prosecuters:

    "But in their forfeiture filing last week, prosecutors contended that Lay's half of his luxury condominium in Houston was worth more than $2 million, and that he had $6 million in a Goldman Sachs investment fund."

    http://www.usatoday.com/money/industries/energy/2006-07-06-lay-legal-usat_x.htm
  • miller8966
    miller8966 Posts: 1,450
    I think the recent surge has more to do with goolge grabbing youtube, than the GOP being able to manaipulate something as tough as the stock market.
    America...the greatest Country in the world.
  • jlew24asu
    jlew24asu Posts: 10,118
    guys start an Enron thread. I would like to get back to how ridiculous the topic of this thread is.
  • farfromglorified
    farfromglorified Posts: 5,700
    SundaySilence wrote:
    The relevant part of your article is a uses Ken Lay himself as the source. I'm surprised Ken Lay still holds someones trust.

    According to federal prosecuters:

    "But in their forfeiture filing last week, prosecutors contended that Lay's half of his luxury condominium in Houston was worth more than $2 million, and that he had $6 million in a Goldman Sachs investment fund."

    http://www.usatoday.com/money/industries/energy/2006-07-06-lay-legal-usat_x.htm

    The primary source of that article are Lay's financial records, not his words. You may find more info here:

    http://www.nytimes.com/2006/02/26/business/26lay.html?hp&ex=1140930000&en=f450350eb0866124&ei=5094&partner=homepage

    Reprinted here:

    http://www.truthout.org/cgi-bin/artman/exec/view.cgi/47/17989
  • my2hands
    my2hands Posts: 17,117
    PaperPlates wrote:
    The freedom you enjoy to say dumbass things like that............................was the PROFIT of past WARS.




    How do you feel being a war profiteer?


    thanks for such a great response to my question...

    mr jlew24asu has claimed in previous threads that he has made $ in the tens of thousands because of the war and hos investment in war stocks... so i am simply asking them guy how it feels to profit from a war? quite simple isnt it?

    now maybe mr jlew24asu can answer my question in his little smug, condescending "i know the market" kind of way

    i ask because a friend of a friend is doing the same thing...he is making money off of the war by beng heavily invested in war stocks, including haliburton...which i of course ask him about all the time, he gets upset with me but i dont really care... the whole profit over people reaganomics generation just makes me fucking sick

    and for the record, before he answers, any dumbass in the world knew on 9/12/01 that investing in war stocks would be profitable, some of just choose not to profit from lies, destruction, and flat out mass murder

    why do you guys think the market has been on the upswing since 2002? its the war stupid, and the sad part is that the market rising has not had an affect on average joe or main street at all really
  • cincybearcat
    cincybearcat Posts: 16,892
    Reagonomics is profit over people??????

    I love all the terrific buzzwords and phrases that get thrown around....

    That's a bunch of junk.
    hippiemom = goodness
  • Solat13
    Solat13 Posts: 6,996
    my2hands wrote:

    why do you guys think the market has been on the upswing since 2002? its the war stupid, and the sad part is that the market rising has not had an affect on average joe or main street at all really

    Well, my 401 k has done really well investing into some Asian Growth mutual funds and the market as a whole and my private investments in mutual funds in the two industries that will always perform well (medical and technology - I mean people are always going to get sick and need to get treated and technology will always advance - we're not going back to betamax or 8 tracks anytime soon). In fact my private investments have helped me see Pearl Jam at the Gorge, Pittsburgh and up and down the East Coast and is paying for me to go to Hawaii.

    So if the average Joe actually chooses to partake in the market, they can do quite well.
    - Busted down the pretext
    - 8/28/98
    - 9/2/00
    - 4/28/03, 5/3/03, 7/3/03, 7/5/03, 7/6/03, 7/9/03, 7/11/03, 7/12/03, 7/14/03
    - 9/28/04, 9/29/04, 10/1/04, 10/2/04
    - 9/11/05, 9/12/05, 9/13/05, 9/30/05, 10/1/05, 10/3/05
    - 5/12/06, 5/13/06, 5/27/06, 5/28/06, 5/30/06, 6/1/06, 6/3/06, 6/23/06, 7/22/06, 7/23/06, 12/2/06, 12/9/06
    - 8/2/07, 8/5/07
    - 6/19/08, 6/20/08, 6/22/08, 6/24/08, 6/25/08, 6/27/08, 6/28/08, 6/30/08, 7/1/08
    - 8/23/09, 8/24/09, 9/21/09, 9/22/09, 10/27/09, 10/28/09, 10/30/09, 10/31/09
    - 5/15/10, 5/17/10, 5/18/10, 5/20/10, 5/21/10, 10/23/10, 10/24/10
    - 9/11/11, 9/12/11
    - 10/18/13, 10/21/13, 10/22/13, 11/30/13, 12/4/13
  • jlew24asu
    jlew24asu Posts: 10,118
    my2hands wrote:
    thanks for such a great response to my question...

    mr jlew24asu has claimed in previous threads that he has made $ in the tens of thousands because of the war and hos investment in war stocks... so i am simply asking them guy how it feels to profit from a war? quite simple isnt it?

    now maybe mr jlew24asu can answer my question in his little smug, condescending "i know the market" kind of way

    i ask because a friend of a friend is doing the same thing...he is making money off of the war by beng heavily invested in war stocks, including haliburton...which i of course ask him about all the time, he gets upset with me but i dont really care... the whole profit over people reaganomics generation just makes me fucking sick

    and for the record, before he answers, any dumbass in the world knew on 9/12/01 that investing in war stocks would be profitable, some of just choose not to profit from lies, destruction, and flat out mass murder

    why do you guys think the market has been on the upswing since 2002? its the war stupid, and the sad part is that the market rising has not had an affect on average joe or main street at all really


    not sure what you are even talking about. never have I mentioned a dollar amount or what exactly I invest in.

    do you own any investments? chances are you might own halliburton stock yourself.

    http://finance.yahoo.com/q/mh?s=HAL
  • Abuskedti
    Abuskedti Posts: 1,917
    cincybearcat wrote:
    Reagonomics is profit over people??????

    I love all the terrific buzzwords and phrases that get thrown around....

    That's a bunch of junk.

    Come all you smart people that reject my suggestion as silly Liberal conspiracy talk.

    Do you really believe its not possible that a bunch of influential money men are not capable of being "Politically Bullish" for a stretch? Say during key periods they color all their comments bullish - and even make some money decisions that are more political than financial? Making what may not be the optimal business move because of the way it will be viewed - much like a political contribution...

    you know - like Bush talks about the war in Iraq.. with singleminded confidence and optimism because its his political bread and butter without regard for accuracy with perhaps more concern for his party than the lives of men and women on the ground in Bagdad.

    I only wonder how much of an impact such a stretch of "political bullishness" can have on the overall market.
  • davidtrios
    davidtrios Posts: 9,732
    -419 today :weary:

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