Hello Bill. No, I have not heard from Frank lately. Last time he wrote he was going on a vacation. But that was middle of May. He had been getting some nasty replies on some threads about his Greenspan views. Maybe he got tired of posting.
Al Gore. I believe deep down he is pretty happy with his energy Zsar. You just have to read his book one of these days. He would probably be happy if we all rode bikes or walked.
But with those high oil prices and the sentiment against him somewhat, he is doing some waffling. Pundits are trying to blame everything on G.W. Bush because of ties to the oil industry. Sheesh. He has absolutely nothing to do with what this administration has done with their oil policies.
I heard and read sev. articles now where the administration is now slowly in favor of cutting back a bit of their clean gasoline policy and are starting to give the go ahead for some of the things you have been posting.
Yes. If these high oil prices keep up, earnings will evtl. suffer. Right now even Gore may be in favor of dropping the tax on gasoline for a while. It's politically correct at this time and he needs something to move in the polls. So why not compromise some of your convictions? gg. If elected you can come out of your old skin again. Heck, he has changed a bit from Alpha man, from earth colors to an occasional suit again. I don't think Gore has problems sticking his fingers into the wind. But let's hope whatever the situation, things work out for the economy. If the FED leaves his fingers off the economy at least for now, business may still do alright. Irrational exuberance does not seem to be present at this time. So maybe the FED will forego this old Philips curve syndrome. Larry Kudlov says: Employment does not cause inflation. I am with him. I say overspending by GVT does. Better for people to work than collecting benefits.
Thanks for the input on QCOM. I am pretty sure you are right. But I will still keep an eye on it and buy into it if it goes much lower. 250 looks good to me even if I have to wait 3 years. No bank will pay me this return.
I currently own INTC, AOL, Nokia, CMRC, ARBA, DELL, WCOM, VRSN, PSIX, PBI, YHOO, INSP, MRVC, JDSU, MO, RNWK and a cpl of odd and ends that I will sell any day now. Some of those internet stocks I went into with 100 sh. Most of them have split in the meantime. INSP and AOL a little more often. RNWK twice. I bought and sold QCOM sev. times. The first time around I bought QCOM at 280 and sold with a nice profit before it split. The second time around I bought again before the split and lost but then bought and sold some more after the split to make up for it.
Sonny |
