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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: SunSunM who wrote (29993)10/19/2000 10:24:20 PM
From: pater tenebrarum   of 435812
 
KC, realized gains. if they were to begin to count paper gains we'd be arriving at the next stage of accounting chicanery. i found it a great improvement that derivatives had to be marked to market (note: $375 m. charge) instead of ending up as a footnote as usual. interestingly, the markdown is being backed out by 'analysts', but the investment gains are not. presumably they will continue to sell investments to prop up their earnings and with them their stock price. that will in turn enable them to continue to play around with derivatives and avoid taxes via their ESOP pyramid.
however, all of this will turn into a pipe dream in a real bear market...
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