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If you remain impressed by the
stock market collapse of 2001 and its ensuing slide, just wait.
Already CNBC is spinning, Mary Meeker is advising, Cramer is yelling
with a louder, more brazen bravado, TV brokerage ads show very
ordinary people exercising enormous insight. |
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Historians,
market analysts, and financial experts know that corrections bring
together the forces that cleanse markets for fresh, untainted
growth. The 2001 crash and ensuing correction is proving to have not
been long or severe enough to cleanse all that required cleansing.
Perhaps the next down leg will provide adequate despair to teach
more players what clean means. |
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The SEC is again issuing
subpoenas. This time the financial reporters are receiving theirs
early -- February, 2006. |
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