PART ONE: NEW YORK (AP) – The charges include racketeering, extortion and solicitation of murder. Not too surprising for an indictment against reputed mobsters. But this case centers on Wall Street and is being called the largest crackdown on securities fraud in U.S. history. Besides organized crime, the indictments released accuse stock promoters, a retired […]
The following is a list of phrases and their definitions that might help you understand the mysterious language of securities analysts: “It has been long known”… I didn’t research other examples. “A definite trend is evident”…This data is practically meaningless. “While it has not been possible to provide definite answers to the questions”… I don’t […]
We at Markowski Investments tend to be skeptics. After traveling around the block more than once we tend to mistrust press-release happy corporations singing how wonderful and rosy everything always seems to be. Case in point is the Enron Corporation: “Enron’s consistent earnings growth reflects the very strong market positions in all of our businesses. […]
The SEC released some information last week that was akin to the Surgeon Generals warning on tobacco products. 90% of people who invest on their own eventually lose money. That statistic alone is enough to make the “Blair Witch Project” look like a situation comedy. However in the face of a statistic that could be […]