| 1.
Update: January 4, 2003, New York Times,
By Gretchen Morgenson & Patrick McGeehan Securities
regulators have advised Henry Blodget, the former Internet stock analyst at Merrill Lynch,
that he will probably be sued for fraud and other violations of securities regulations,
according to someone involved in the investigation and a lawyer who has been briefed on
it.
Mr. Blodget received the notice alerting him to possible
action by NASD, the nation's largest securities regulator, in the final weeks of 2002,
these people said. The activities that regulators have identified as questionable relate
to Mr. Blodget's public support of companies that he was deriding in e-mail messages to
associates at Merrill Lynch. In addition, these people said, regulators will argue that
Mr. Blodget's research reports were inappropriately influenced by Merrill Lynch's
investment bankers.
Mr. Blodget would be only the second top analyst to be sued
in the aftermath of a stock market mania that was fueled in large part by overly
optimistic Wall Street research and that has resulted in trillions of dollars of losses to
investors. NASD has also sued Jack B. Grubman, the former telecommunications analyst at
Salomon Smith Barney, a subsidiary of Citigroup. |
CNBC
& other journalists are also culpable
We are
culpable because we bought into his distortions |
|
|
| 2. I continue
to invest in stocks. |
Sometimes
They are amongst my
big areas of investment
I continue to invest in stocks
I never did
invest in stocks |
|
| 3. I select my
stocks and decide when to buy and sell myself. |
Agree
Disagree |
|
| 4. I have been
investing in stocks for about: |
Less than 2 years
2
to 5 years
6
to 10 yearss
11 to 15 years
More that 16 years |
|
| 5. When
technology stocks were hot, I thought they would tend to go up and be hot for the
foreseeable future. |
Agree
Disagree |
|
| 6. I did
invest in 'dot-com' stocks for many months. |
Agree
Disagree |
|
| 7. I got caught
in the 'dot-com' stock down-move and overall: |
Lost a lot of money
Lost some money
About broke even
Made some money
Made a lot of money
I don't want to talk
about it! |
|
| 8. In the past I
took advice from the popular analysts. |
Agree
Disagree |
|
| 9. Today I do not
take advice from the popular analysts. |
Agree
Disagree |
|
| 10. I believe
that I understand stocks and markets: |
Fairly well
Somewhat
Not very well |
|
| 11. Regarding
the 'new economy' & stock market: The
so-called 'new economy' is actually the information technology department of all companies
that produce tangible products and services. There is no 'new economy'. The
old economy is the same economy that has existed since organized commerce
started several centuries ago. The stock market will have reached bottom when
the majority of people comprehend this concept. |
I see that
I don't see that
Wrong - there really is
a new economy! |
|
12. Today most
people realize that the so-called "new economy," stocks that peaked
in March of 2000, was actually a maturing of the
business support function known as
'information services.' When do you think most
people realized this fact? |
Within 6 months of March, 2000
Within 1 year of March, 2000
Within 2 years after March, 2000
Not yet
That's not true -- there is a 'new
economy' |
|
| NOTE:
For the next few questions assume you are CEO of a hot high-tech company. Remember
that for businesses and individuals, interest rates -- the cost to borrow money -- are
relative to other opportunities. 13. If
your customers have less money to spend due to higher costs, do they tend to buy more or
less of your product?
|
More
Less
It depends upon how much they need my
product. |
|
| 14. Since your
product is technology, will your customers tend to buy more or less of your product? |
More
Less
It depends upon how much they need my
product.
It doesn't matter - they will always buy. |
|
| 15. If my
company experiences decreased sales volume, its profits will tend to decrease. |
Agree
Disagree |
|
| 16. If my
company experiences decreased sales revenue, its profits will tend to decrease. |
Agree
Disagree |
|
| 17. If my
company experiences decreased profits, its stock price will tend to decrease. |
Agree
Disagree |
|
| 18. As interest
rates go up, stock prices trend down. |
Agree
Disagree |
|
| 19. As interest
rates trend down, stock prices always go up. |
Agree
Disagree |
|
| 20. Many stock
markets peaked March-April, 2000. On April 14, 2000, the U.S. government released
statistics that indicated inflation is alive and growing. That same day many markets
experienced major selling. Some reporters and analysts characterized the drop in
stock prices as a reaction to growing inflation.
Others believe that the drop in stocks -- even the big drops -- had nothing to do with CPI
or PPI inflation realizations.
Instead, this other group believes
the game is coming to an end for the classic reason:
The greatest fool wandered in and bought stock with his last
margin money at a price too high. There has been a psychological change in people's
attitudes toward stocks. |
Agree
Disagree |
|
| 21. When a
company's earning "exceed analysts' estimates", that means: |
Analysts' estimates were not correct
It doesn't imply the
company did "great" |
|
| 22. I will know
stock markets have corrected and reached bottom when the so-called reporters (David Faber,
Maria Bartiromo, Martha McCallum, etc.) and analysts (Jack Grubman, Mary Meeker, etc.) on
CNBC, CNNFN, Bloomberg, etc. disappear. |
Agree
Disagree |
|
| 23. I am: |
Woman
Man |
|
| 24. My age group
is: |
Under 20
20-29
30-39
40-49
50-59
60-69
70 & older |
