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

To: Knighty Tin who wrote (70198)	11/7/1999 8:37:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 132070

MB, Thanks for the Barron's review. I have been noticing all around SI and CNBS(friday) an real frothy sentiment, that this little rally has cured all ills. 1) I don't know if you saw the S&P Trader on CNBC Friday but it was something to behold. In thirty seconds he had worked himself into such a froth that P/E's didn't matter, and that this new era could go on for forty years. Amazing. 2) The Blabby Joe speech on Friday sounded at lot like 1929. 3) Kudlow on CNBC Friday (now is there a bigger jackass anywhere in the economics profession?) has given up analyzing and has permanently donned the cheerleading outfit (unfortunately his pom-poms are too small <G>). 4) The dell thread has chased away the bitter and cynical shareholders and are spending the day convincing themselves the Michael Dell is really God. 5) PC and Aloha have both shown up on the thread. I think we go straight down.

To: Knighty Tin who wrote (70198)	11/8/1999 11:55:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, >>Liquidity Trim Tabs makes a dumb comment about valuations not meaning anything as long as the economy kicks out liquidity. It ain't called liquidity. It's called debt. I don't know how he mistakes those two concepts. And debt is always risky.<< I think that's the core difference between bulls and bears. Some bulls do not seem to understand or care that a lot of the credit in the system does not come from savings. It is bank and non-bank credit that stimulates ecomomic activity and asset prices while adding risk. It is also the leveraging of existing assets. In their world, if the CPI is OK, everything is OK. I don't buy it and neither do most bears. Thats the difference. >>Jim Stack again has the best bit in Barron's. He talks about breadth and states that the times it has been as bad as it is now have triggered bear markets in only 95.93% of the cases.<< What makes you so sure his models are correct or that this isn't the 4.07%. (bg) >>Smithers takes Uptight Epstein to task about the options scam<< Epstein misunderstood part of the Smithers report in his response. A.S. presented the costs under varying methods. Immunization and non-immunization. Not one plus the other. Wayne