Brett Gallagher Quotes
Now, a terrorist event on the scale of Sept. 11, or even much smaller than that, is going to drive markets lower, ... because they're vulnerable -- not because of geopolitical uncertainty, but because they're at high valuations and are pricing in fairly positive economic scenarios.
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There's all this emphasis on the next Enron, when that doesn't exist... What's more common is a widespread stretching of the standards of accounting, particularly in what companies count as one-time items as opposed to recurring charges.
- Brett Gallagher
