Profits Set to 'Vaporize,' Writes Motley Fool
April 7, 2008
The market-roiling chicanery at Enron, which The Motley Fool astutely characterizes as "shredding profits" through "mark-to-market" accounting at a "batty" company - is just the beginning tale, writes Seth Jayson.
Ordinary citizens fueled the subprime mess by feeding into the real estate frenzy through adjustable-rate mortgages on home investments that, oftentimes, didn't even require any money down.
So, what is to become of "the biggest dance party in economic history"? Invest in small-cap value now, Jayson recommends, while the prices are so low. They will deliver "amazing returns . . . for years, if not decades."
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