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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (63684)	7/1/1999 10:21:00 AM
From: Robert	Read Replies (1) \| Respond to of 132070

MB -- Did ya see INTC (and AOL!) are on the Lemming Bruddas "Uncommon Crap" list for 1999 (!) Amazing. From TSC (free trial): "Lehman Brothers' annual list of "10 Uncommon Values" in stocks came out this morning: America Online (AOL:NYSE) AT&T (T:NYSE) Ford (F:NYSE) Intel (INTC:Nasdaq) General Instrument (GIC:NYSE) KLA-Tencor (KLAC:Nasdaq) Eli Lilly (LLY:NYSE) Microsoft (MSFT:Nasdaq) Tyco International (TYC:NYSE) Firstar (FSR:NYSE)" Only in the Bubble. -- Robert

To: Knighty Tin who wrote (63684)	7/1/1999 6:11:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Tech Review review. Super issue this month. 1. They start by saying that this market could try the patience of a Cardinal. Sometimes I don't get baseball analogies, but you would think these Ottowans would mentiona Blue Jay instead of St. Louis player. <g> 2. Several pages of hospital analogies, with AG making triage decisions. Does he save the deeply in debt consumer, who can only buy if he borrows? Does he save the fattest stock market in US history, which can only be saved if the consumer borrows and buys more, more, more? Does he save US corporations which are deeply in debt and cannot afford the rates the bond market is making them pay? Does he save the US financial institutions, which require steady rates to keep their derivative speculations from collapsing? Conclusion: AG cannot lower rates with every foreign holder dumping Treasuries. If he doesn't save the pristine quality of the Treasury as an investment, he has zero power left, so the financial sector gets what bailout potential AG retains. This has always been the case in the past, but it could go another way this time. Mox nix, IMHO, dude. One will get bailed and the other sectors will die. Along with the stock market and the economy. 3. Being very rude guys, they accuse our govt. of lying in its economic stats. They are right, but gentleman don't mention such things. Yes, I've been saying the same thing here, but I don't publish a newsletter and have no claim to gentility. <g> Some great tidbits: 2% of our working age males are behind bars. Stupid states that don't have the death penalty. <g> The authors see the unemployment numbers as phony, the inflation numbers as suspect, and the GDP and productivity numbers as totally false. I agree with all of the above and especially with the GDP and productivity scams. The description of the "chained dollars" dishonesty for calculating computer sales is the best I have seen on this national disgrace. it is disgraceful our govt. uses this scam and disgraceful so few financial analysts even know about it. 4. Tech comments are gory. They take a swipe at Apple and question its survival. As the stock approaches yearly high prices. This is where I got the Intel preannouncement and mangled it. It was actually stated a few weeks back that eps would be at the lower end of estimates and I somehow thought it was said again today, as the first preannouncement didn't seem to take with the market. <g> A great comment: "anyone who needs a PC already has two." 5. More harping at the productivity overstatements by the govt. But a nasty swipe at those of us who watch porn or play Jeopardy Online during work hours. 6. More harping at Intel, Micron, Compaq, Rambus and other overpriced stocks. Rambus is called another Iridium. No way, Jose! Rambus will still have Nintendo and Sony, on which they can make about 40 cents a year and deserve a multiple of 15, with no growth possible, for a price of $6. Iridium is not a $6 value any way you slice it. <g> 7. For some reason, my copy did not include the oft-lauded TTR Classified section. Be sure to read the disclaimer. <g>