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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (11346)	7/25/2002 3:33:32 PM
From: Bucky Katt	Read Replies (1) of 13094

This will be of interest> Warren Buffet's letter appears on the op-ed section of yesterday's New York Times. Buffett makes an extremely strong case for expensing options and for honest assumptions on pension plan returns. Buffett says it's up to the CEO's to cut out the nonsense and do the right and honest thing. Buffett also notes that -- The Senate itself is the major reason that corporations have been able to duck option expensing. On May 3, 1994, the Senate led by Joseph Lieberman, pushed the Financial Accounting Standards Board and Arthur Levitt, then chairman of the SEC, into backing down from mandating that options be expensed. Mr. Levitt has said that he regrets this retreat more than any other move he had during his tenure as Chairman. Gotta love that Lieberman, he can talk out of his ass & both sides of his mouth, all at the same time.... ___________ Jim, what do you think of MIPS at current level?

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