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

To: Knighty Tin who wrote (66233)	8/14/1999 10:15:00 PM
From: marcher	Read Replies (1) \| Respond to of 132070

Michael, care to comment on the following (taken from a post by dmp): >>SPECIAL REPORT ON STOCKS (basis S&P Futures, Sept contract) by Martin Armstrong, chairman of Princeton Economics, August 13th, 1999 ...In Japan the FSA investigation of CSFP has exposed just the tip of the iceberg of perhaps the worst derivatives loss program in the history of modern financial markets. We now see hidden derivative losses in Japan may far exceed $10 billion. Some banks were using derivatives to meet BIS requirements and to disguise bad loans. An insolvent postal savings fund and the major booking of derivative premiums as current year profits instead of mark-to-market, have left this economy in an extremely vulnerable position. Despite foreign optimism about a possible Japan recovery, concern and pessimism still dominates the domestic Japanese markets. Additional losses arising from the convergence trades in Europe have sparked rumors of billion dollar losses among hedge funds and investment banks. The problems with the convergence trades in Europe have sent the credit spreads into a tail-spin worse than October of last year...<< tia --Marc

To: Knighty Tin who wrote (66233)	8/14/1999 10:56:00 PM
From: put2rich	Respond to of 132070

Mike or Any, Do you think WCOM is overvalued and also on the downtrend? I registered MCI internet for a week or more but could not log in. So I called them to cancel and still charged for it (like half a month fee). Problem is when you call them to complain they put me on hold for 15 min. or more. So I did not have it straightened. I have a feeling that most big company service sucks...they'd rather pay 1-2 bucks phone cost in putting someone on hold on their 800 number but refuse to staff the customer service. Or most of complainers have a short patience and pay the overcharge anyway? Regards,

To: Knighty Tin who wrote (66233)	8/14/1999 11:39:00 PM
From: Jeff Leader	Read Replies (1) \| Respond to of 132070

Mike, All - some fairly scary crash stuff from Peter Eliades. stockmarketcycles.com

To: Knighty Tin who wrote (66233)	8/15/1999 9:52:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

MB, nytimes.com I wonder if this management can be successful at this game. This great experiment did not work in the early 80's, and even more risk at Intel because of the fast moving change in technology. The only way I can envision success if they have fellow like Jack Welsh at the helm. This requires an organization structure that can dump unprofitable businesses overnight and buy the businesses that will be profitable during the next economic cycle. It also requires that each and every business unit is number 1 or number 2 in the market place. Jack always bought business that were mature and proven. It does not look to me like Intel is doing that at the present time. Looks to me more like a casino, with high stakes games. It is my opinion that the cash at Intel must be used for low risk investments. They can not afford a failed bet. It will be interesting to watch. Joan