Assignment: Substantive editing pass (original)

Here is the assignment as originally written: a short article for a financial newsletter.

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GOLDILOCKS AND THE THREE BEARS – ALLEN GREENSPAN, SEPTEMBER 11, THE TECH MELTDOWN AND ENNRON

Obviously, the Ennron situation has everyone concerned about the lack of financial controls in place, and whether there will be other Enron related accounting disasters.  Certainly earnings quality is a concern for investors and the Enron fiasco has only heighten investor sensitivity at a time when market was already struggling with valuation issues. TSI believes over the short-term, the market will continue to decline, but eventually the market will snap back as the market is overreacting to Ennron.

Enron was a concept company, not a product company and there are few if any other companies with an Enron type of balance sheet.  It is unlikely other Ennron related companies emerge.  No question Enron was a horrible catastrophy that will impact the lives of many people for many years to come.

The market and investor are responding to three very negative and somewhat-unrelated events that have frayed investor's nerves, ie. the September 11 terrorist attacks, the most server bear market for technology stocks ever, and now Enron. Over time, TSI believes the market can repair the damages and overcome current shortterm uneasiness. The recession will end, investors will eventually come back to the market and hopefully now our world is a safer place for our children because of the focus by the United States and other world countries to curtale terrorism.