We get full and truthful disclosures from our public companies. Period. aOlernKienOP
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The VIX has skyrocketed, and one need not be a market technician to both see and feel the intra day volatility taking place. One can say that the market is overreacting on both the upside and the downside, but I think it is important to take a step back and ask why?

I have written a lot lately about the importance of good financial disclosures aOlernKienOP
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An article in yesterday’s MarketWatch discussed the possibility of financial institutions marking everything to market and getting all the bad news out at once, in an effort to rebuild confidence in their financial disclosures and prospects. Dramatic, yes, but provocative and worthy of discussion:

A couple of analysts I spoke to said that the best thing financial firms can do to rebuild confidence is to look at every asset on the balance sheet and aOlernKienOP
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"We need to raise the game and acknowledge our weaknesses," Masters told attendees of the Securities Industry and Financial Markets Association’s annual meeting, adding that in the credit crunch, "we are experiencing a crisis of unprecedented proportions" that will "damage the economy."

Geez, Blythe is starting to sound like me. This is good for the industry aOlernKienOP
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Last week’s sudden fall in tech stocks, which had strongly outperformed the market, certainly had aOlernKienOP
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Now if investors had the confidence that what was coming out of corporate PR departments was the truth, the whole truth and nothing but the truth (and not until the aOlernKienOP
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