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To: Lucretius who wrote (60948)	9/9/1999 9:10:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Luc, there is an outside chance that PPI and CPI will be bigger than expected...but knowing the government's statistics minions, the chance seems very small. the Wall Street insanity will continue unabated...

To: Lucretius who wrote (60948)	9/9/1999 10:28:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

in another demonstration of the utter leave Wall Street has taken from it's senses, internet trash was upgraded today by CIBC Oppenheimer for no other reason than the arrival of a new "internet analyst" at said firm. in other words, the upgrade had nothing at all to do with any improvement in the business prospects of the companies concerned, but everything with the new "analyst" having to say something to justify his existence. Lehman brothers meanwhile thought it wise to jump on the bandwagon and upgrade Yahoo due to some study on i-net advertising trends that's due out on 09/15. the truth behind i-net advertising will no doubt start to dawn on the speculators at some point...click-through rates are plunging, and the price per impression is doing exactly the same. the business model of a great percentage of the nutz is in other words going down the drain. expect lots of mystified bag-holders to emerge from this recent flurry of upgrades. it is not that i am trying to denounce the opportunities to make money from these displays of total insanity, i'm merely irate at the irresponsibility shown by these so-called "analysts". stock pimps is probably a more accurate term... meanwhile, the nutz insiders are cashing in at an alarming rate. insider sales in most nutz issues are taking place at multiples of revenues over the last 12 months, as they people who know best about the shakiness of the underlying "business models" and can probably scarcely believe their incredible luck, get while the getting's good. another tech sector is seeing it's margins evaporate: the whole fiberglass long-distance cable companies (Global Crossing and the like) are watching incredulously as the value of their main assets simply collapses...22% alone over the last quarter. among other things, it appears that the expectations for broadband demand were vastly overblown - the demand has yet to materialize. of course, WS is partying on and will likely continue to do so for a while yet. the reality disconnect that is taking place here is unprecedented. human nature being what it is, investors will likely head for the exit all at the same time when the day of reckoning comes. Luc, you will get your crash...eventually.