To All, Barron's is pretty weak this week. However, I did note a huge preponderance of Bullish articles, blips, items, etc. The Mailbag was again the best part of the the rag. One letter took exception, as I did last week, with GE's paid pimp calling David Tice's article a "short seller's self-serving analysis." The writer asked, what do you call the analysis of the Corporate PR geek? <G>
In another letter, MBIA, a company I owned for nearly a decade, embarrassed itself defending its high risk guarantees of international bonds by stating how well they had managed US municipal debt. The saddest thing about this letter was the writer's bankrupt logic of resorting to the continued AAA rating from bond agencies as proof that they were doing the smart thing. Really sad stuff from a once great co.
Also, the Chief Economics geek from the White House said she saw no signs of either recession or inflation. And she still sees no signs of Bill Clinton having inappropriate sexual relationships with young pages. <G> Her economics may be fine, but she needs new glasses.
MB |
