US forced to reassess afterEnron

While investors are likely to experience continued market volatility in the coming months, the general trend of the market will lead the economy upwards in 2002. Meanwhile, the bankruptcy of Enron, the seventh largest company in the Fortune 500, will have lasting implications for investors in terms of financial reporting and corporate governance. Stock markets bottomed in late September. Share prices began to recover in October and then surged higher in November amid signs that consumers were continuing to spend and companies were seeing a rebound in orders. This reassured investors th...