Sarbanes-Oxley gone but corporate boardrooms’ worst nightmare has just started that can push Dow to 5000
Peter Oberois
Nov. 10, 2006

Sarbanes-Oxley law that requires publicly traded companies to review controls for ensuring accurate financial reports and have them tested by outside auditors is gone but corporate boardrooms nightmare just started.

According to media reports, the business lobbying has own the battle to ease a controversial requirement of the Sarbanes-Oxley law. The Section 404 provision requires publicly traded companies to review controls for ensuring accurate financial reports and have them tested by outside auditors.

However, the Democrats taking control of the House and the Senate plan to bring the dirt under the rug out on the surface to clean it once for ever. According to some think tanks the corporations have reported false financial statements for the last ten years. They will all have to be corrected one after the other. It can be hundreds ‘Enrons’ before all are done.

The effect is much more severe than those ‘Option backdating’ scandal. The corruption and deceit in corporate board rooms are so severe that the ‘Soviet Politburo’ will look like heaven. The Democrats are eager to bring the dirt out to clean the mess up. The Dow will plunge well below 5000 after the dirt start coming out.

Sarbanes-Oxley gone but corporate boardrooms’ worst nightmare has just started that can push Dow to 5000
Peter Oberois
Sarbanes-Oxley law that requires publicly traded companies to review controls for ensuring accurate financial reports and have them tested by outside auditors is gone but corporate boardrooms nightmare just started....
READ MORE>>

Chinese threat of not investing in dollar after Democrats took control of Senate and House can cause stock market turmoil
Fred Day
It has started with the Dollar. The effect will soon spill over into the US Treasury market. The resultant interest rate adjustment can cause stocks to do down sharply.
READ MORE>>

Lower oil demand shows world economies have started contracting – stock markets vulnerable
Sam Adelton
The worldwide stock markets are ready for a massive correction. Most likely it has topped out and entered a multi-decade bear market. The apparent stagflation has changed into slow but steady deflation.
READ MORE>>

3M deal just the start – as hedge funds and conglomerates download their Pharma holdings buying opportunity starts
Marla Guthrie
3M agreed to sell its global branded pharmaceuticals business to multiple buyers for a total of $2.1 billion. This is just the start.
READ MORE>>

Last cheer for Tech stocks as Cisco comes out bullish on revenue from high-speed Internet and video downloads
Joe Weinman
The net effect is very serious. All on a sudden the tech stocks will find nothing more left sell. Consumers all on a sudden will refuse to borrow any further after being bored with same old stuff for the last5 ten years.
READ MORE>>

Worldwide debt driven stagflation - U.K. economy grew at its fastest pace in two years last quarter as consumers racked up debt
Fred Day
Policy makers led by Governor Mervyn King lifted the repurchase rate a quarter-point to 5 percent in UK to control the infation from borrowed money.
READ MORE>>

MORE ARTICLES >>