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

To: Knighty Tin who wrote (69801)	10/29/1999 6:02:00 PM
From: re3	Read Replies (1) \| Respond to of 132070

well, i'll tell ya' , the best advice anyone on any thread can give ya'... don't touch nothin' till monday !!! serious - i don't want any of you runnin' off at 8:45 EST buyin' up every tech stock mentioned on louie rukeyser, now i know many of you do that, but its not a sensible thing to do...if you ignore my advice, and must copper picks from the tv, i hear from a reliable source that louie has determined that men with hair have provided better picks than their follicle challenged brethren... he may share that with the viewers tonight, if he gets through all the questions i planted <g>

To: Knighty Tin who wrote (69801)	10/29/1999 6:08:00 PM
From: pater tenebrarum	Respond to of 132070

Michael, i also think that eventually it will all end in a bloodbath...a bubble of such gargantuan proportions can not possibly unwind peacefully. i am actually toying with the idea that we could be in for a '29 type scenario, with the bottom all of a sudden falling out of the 'new' economy. my theory is that since both the consumer and corporations have accumulated record levels of debt, they may have already, or will soon have, reached the limit of their capacity to borrow. today we got the 12% decline in home sales and yet another month of declining consumer confidence...perhaps the bond is not signaling a continuation of the no-inflation boom, but rather the beginning of trouble in the economy. i know it sounds unlikely, but one thing that still puzzles economists is how swiftly the long boom of the '20's turned into a total bust. i have read somewhere that it takes $ 5 of credit to generate $ 1 of GDP...if that is true, the long boom of the '90's could suffer a similar sudden reversal. if so, it can't be good for stocks... regards, hb

To: Knighty Tin who wrote (69801)	10/29/1999 8:36:00 PM
From: Amir Shalit	Read Replies (1) \| Respond to of 132070

Mike, what do you think on GE puts as equivalent to DOW puts. They are not expensive and the valuation is even worse than KO when it traded at $89. What do you think on Gilead? Amir

To: Knighty Tin who wrote (69801)	10/29/1999 10:35:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

MB, >The main thing that makes me think this rally doesn't have legs is that it is running against the economics. I can not believe what we are seeing. It sure feels like a blow off to me. If we are correct and this thing goes to another galaxy, it is going to be "real" ugly. I wish I knew how to tell when the capital is all used up. My problem is that I was not around in 1929 when that one blew up. <ggg> I was in the camp that this market would be a painful grind down, but it does not look like that is the way Wall Street wants to play the game. Thanks for your thoughts on gold. I am not buying oil right now because of this darn over priced market because when she blows BR and UCL should be cheaper. <ggg> Joan

To: Knighty Tin who wrote (69801)	10/30/1999 6:20:00 AM
From: nihil	Read Replies (1) \| Respond to of 132070

Please layoff the anti-Korean racist remarks, or I will have to report you.

To: Knighty Tin who wrote (69801)	10/30/1999 3:23:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, Barron's mini review. Mostly fluff this week, but a couple of choice items not worth the cover price. 1. Abelson was off his feed this week. Boring. 2. An interesting article about Ivana Trump and the Russian Mafia, murders and small cap stock touting. Not really enlightening, but great reading. 3. In the ads, several celebrity endorsements for internet cos. I don't know what it means, but does anyone care that Geena Davis uses Waterhouse online? I guess somebody must or they wouldn't be showing her pretty face in the commercial. I guess that jump into the Grand Canyon didn't take. <g> 4. A pretty good piece on oil. For a Street analyst, the guy wasn't totally dumb. Picked the wrong stocks, but his macro view is solid. 5. Silly stuff from Epstein about stock buybacks taking the place of dividends. The last time I looked, the majority of stock dividends went to shareholders and were not money wasted to benefit the rapacious appetite of co. insiders. Stock buybacks are generally a transfer of wealth from outsider shareholders to insider shareholders, as the stock bought back ends up in the insiders' pay packets. 6. Market Watch was the best part of the rag. Will Lyons takes a shot at Intel, the co. that regularly lies, er, is overly optimistic, about the next quarter. <g> He thinks next year is pretty gloomy for the Sunnyvale non-growth company. Jim Griffin makes some tough love sense about the current account deficit. 7. Insiders are selling Broadcom and buying Stillwater Mining, two of my interest issues. 8. "Plugged In" talks to the Amazon bulls who are shocked that the co. hasn't moved toward profits. Uh, they can't count or what? <G> This isn't a profit co. It's a concept co. 9. A Deutsche Bank economist tries to put a smiley face on our horrid trade and current account deficits. Though he tries bravely to fit this disaster into the new pair of dimes, in the end, he has to admit that these are not problems that are going to disappear. The main reason why is the fact that Americans don't save. The Market Watch analysis was much better. 10. The cartoons weren't that good this week.