WRONG! What about Japanese stocks? You sound like somebody who is trying to convince himself of something that he doesn't really believe.
Actually, the divergence between Enron's Cash Flow and Income Statement would have been a pretty clear red flag (same with World Com). But then again, these were blue chips. :eek:
The only strategy that works is to buy at the bottom and sell at the top...... ......or sell at the top and buy at the bottom.