Posted
Jun 20 2008, 08:59 PM
by
Andrew Horowitz
In Acapulco there is an exciting activity that is considered a must see. It is known as cliff diving -- where a young man throws himself off from heights of over 135 feet and plunges into a 10-foot-deep inlet. In the United States, we have a similar activity, which is now called "buy-and-hold."
All kidding aside, the market action the last few weeks has been a poignant reminder of the perils inherent with any market that relies on confidence as the core of its stability. Specifically, the financials have been hurt not only by their reckless behavior but also by their blatant disregard for truth and transparency. Fortunately, this writing is more off a look ahead rather than a review. So, let’s get to it
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