Just Another Blog
Monday, June 24, 2002
 
Martha Stewart Ripples

Check out this FoxNews story on the ever evolving Martha Stewart insider trading scandal. It is no longer beyond the realm of speculation that her actions may sound the death knell for Kmart. This story should raise the same level of ire in investors as the Enron scandal. How different is Martha Stewart who got rich by selling shares that she knew were about to tank from Kenneth Lay who got rich selling shares that he knew were overvalued? Not very. It will be interesting too to see how this story affects Merrill Lynch. Merrill has been plagued with bad news seemingly ever since they announced they were going to lay me off. I'm not saying there's anything to that, but it is an awfully strange coincidence.