Rational Advisor

We are irrational in predictable ways

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Dec 23 2008

Madoff may be good

Published by rational at 11:44 am under Uncategorized Edit This

It’s amazing how each bear market is so similar.

Each and every bear market’s end term is identified by someone going to Jail

2008 - We have Madoff with a $50 Billion scandal and Marc Dreier going to Jail

http://en.wikipedia.org/wiki/Bernard_Madoff

http://www.nytimes.com/2008/12/14/nyregion/14lawyer.html?em

2002 - Bernie Ebbers Worldcom arrested for fraud - marked the end of the technology crash

http://en.wikipedia.org/wiki/Bernard_Ebbers

2001 - Jeffrrey Skilling, Enron - marked the end of 2000 stock market crash
2001 - Martha Stewart

1995 - Nick Leeson, rogue trader with ING Barings - marked the end of the peso crisis

http://en.wikipedia.org/wiki/Nick_Leeson

1990 - Michael Milken arrested for junk bound fraud at Drexel Lambert - marking the end of the 1990 recession

1986/7 - Ivan Boesky - insider trading - marked the end and short liviedness of 1987 crash

Arrests usually mark the last period of any bear market

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