John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: wlheatmoon who wrote (2654)	2/6/2002 1:32:22 PM
From: John Pitera	of 2850

Hi Mike, I happy to hear that things are well with both of you. feasible with all you smart money people. I'm not so sure, people who are clever in one cycle, can end up looking not so adroit in the next cycle. Napoleon was known to be a tactical genius by many up until he met Wellington's British Army at Waterloo. As we saw a few days before the President's state of the union address, Word has gone out that the administration may come up with initiative to limit the $ amount of liability claims. Seth Tobias, had a provcative quote in the article below. There was no mention of this limiting of liability in the state of the union address, but it's possible we'll be seeing something of this sort. It's probably best to know some well placed Washington Lobbists to have the inside track on this type of thing. John -------------------- Friday January 25 4:39 PM ET Blue Chips End Up on Asbestos Talk By Haitham Haddadin NEW YORK (Reuters) - Blue-chip stocks rose on Friday amid speculation the Bush administration may move to limit liability for asbestos lawsuits, but technology issues lost ground on a raft of bleak profit forecasts. ``There are rumors the president is going to discuss asbestos (in his State of the Union speech) and talk about liability limitations, which is something we need or we're not going to have Corporate America anymore,'' said Seth Tobias, a money manager for Circle T Partners. ``Nearly 40 percent of the Dow average has asbestos exposure.'' Shares of manufacturing giants Halliburton Co. (NYSE:HAL - news), Dow Chemical Co. (NYSE:DOW - news) and Minnesota Mining and Manufacturing Co. (NYSE:MMM - news) gained. Topping the list of gainers on the New York Stock Exchange were companies facing asbestos liabilities, including chemicals company W.R. Grace & Co. (NYSE:GRA - news) and building materials makers Owens Corning (NYSE:OWC - news).... . dailynews.yahoo.com

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