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International Business Machines Corporation Message Board

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  • supermarketinvestor supermarketinvestor Jun 21, 2002 12:11 PM Flag

    The past week indicates IBM will warn

    You can blame the congress for not pursuing meaningful reform of accounting practices for the stocks drop. If people do not have confidence the broad market suffers and this is were we are. The politicians are waiting for ENRON to blow over and are blind to the damage done to the economy by the accounting scandals.
    No one expects the present administration to stand up to business so you should expect a long drawn out death spiral. I just hope we do not see inflation numbers rising or this will put us into a deep recession.

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