Stock Option Probes Do Not Matter Anymore

What a week! They just keep on coming. More and more companies are announcing that they are either a.extending their stock option review and delaying filings or b.announcing new investigations. No one cares. Examples include SIGM, MNST and RIMM among others.

It is amazing. Often stocks under investigation are near all time highs, like Research In Motion (RIMM), and no cares that the way these stocks got to such valuations is by beating numbers that may never have existed. Yet, when they do restate they are not punished for their acknowledgement but rather rewarded with a nice slap on the back. The inmates ARE running the asylum.

We believe this WILL end badly as the investing public comes to the conclusion that yes the stock market is rigged by the corporate big dogs who have no ethics or moral conscience.

We need more corporate leaders who were of my Dad's generation- those born in the 1930s that ran our great country until the past five to 10 years. The current corporate leaders should be ashamed of how they handed out stock options and manipulated earnings.