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Technology Stocks : America On-Line (AOL)

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To: Tom Tallant who wrote (21557)	6/12/1999 1:34:00 AM
From: C Nelson Reilly	Read Replies (2) of 41369

RE: Wisdom of the Bond Market Tom, I used to think like you until I listened to the the bond market speak to me via a two by four planted squarely upside my admittedly small head. These guys are professional well compensated traders - they never get it wrong, and when they do they're never wrong. I was extremely nervous and confused about all sorts of highly unlikely scenarios that have not been priced into the borrowers' bourses; I can candidly say that as a former lowbrow redneck stock trader I now look to the almighty wise bond market for guidance. You should too, except you appear to be really dumb because you're invested in equities instead of debt like the "savvy and sassy" money is these days. I bet you shorted toilet paper, for Chrissakes (major growth industry in this environment). Mull over this little tidbit I happened to notice: I heard Don Imus ask Andrea Mitchell for Al's "hotline" telephone number today on MSNBC. Does Imus know something we (stupid stock suckers) don't? I "noticed" that Mrs. Greenspan didn't sound like her "usual self" (possible manic depression, maybe an indeterminate "glandular infection"); I personally detected a "wavering" quality in her voice (COVERUP? SLUSH FUND?). What if the Omnipotent Fed Chief might have hurt himself on his private tennis court; maybe he has sore wrists or -gasp- a sprained ankle? Ever thought about those tamales, Mr. Hot Shot Investor? That's 7/32nds on the long bond, asswipe, and don't you forget it! How would it portend for earnings if AG had to attend the next FMOC meeting in a wheelchair because of his bloody mangled stump? Talk about a hopelessly crippled economy - CNBC couldn't even show the "Briefcase Indicator" (it could be hidden from view of the camera). Better price in another 19/64ths to be on the safe side. God forbid, what if all the above happened and Joe Kernan got sick when the PPI or CPI numbers came out and he wasn't there to explain to the masses what the lava lamp would do that day? I shudder at the unbelievable horror of the carnage that would ensue! 94/64THS ON THE TWO YEAR INTERMEDIATE AUCTION! SELL THE NAZ BUY PLUTONIUM!!! I WANT MY MOMMY! SHOOT ME IN THE FOREHEAD WITH A HEAT SEEKING BAZOOKA RIGHT NOW TO END THE DESPAIR AND ULTIMATE FIDUCIARY HUMILIATION THAT IS RIGHTFULLY MINE AND ONLY MINE FOR HAVING THE CAJONES TO BUY A STOCK WITHIN THE LAST SIXTH MONTHS. What was I thinkin', C Nelson

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