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

To: Freedom Fighter who wrote (72009)	12/17/1999 9:17:00 AM
From: gnuman	Respond to of 132070

Hi-Tech Paradise Lost, Boston Globe For companies outside of Silicon Valley, the call of the wild - or at least a more balanced life - has succeeded in snagging technology employees yearning for less stressful careers, shorter commutes, or more buying power than is possible in the Bay Area, where the average sales price of a single family home in Palo Alto in November hit $899,255, up 30 percent over last year's prices. 'It discourages people from coming to work here, and evntually it will cause a problem in bringing good people to work in the high-tech industry,' said Douglas Tobin, president of the Santa Clara County Association of Realtors in San Jose. Tobin recalls spending a day last year ferrying an engineer from Dallas who had just gotten a substantial job offer from a Silicon Valley semiconductor company. The engineer brought pictures of his Dallas home, a two-year-old, 4.000-square-foot house on a half acre of land that was valued at about $225,000. To get a comparable house in Los Altos, an enclave for Valley executives, the engineer would have had to spend $1.5 million. 'He just said `no way' and went back to Texas,' Tobin said. boston.com

To: Freedom Fighter who wrote (72009)	12/17/1999 9:38:00 AM
From: BGR	Read Replies (1) \| Respond to of 132070

Wayne, I think that your personal biases and experience are misleading you to the conclusion that the general public was heavily short/long puts going into last November's options expiration. It is anecdotal anyway and my personal anecdotal conclusion is that it was just the opposite. Put buying has for some time been the pleasure of the razor sharp money manager, bent on underperforming the indexes by doing something different. While they indeed represent the financial interests of the general public, they do not represent the investing general public, who in my personal experience usually go long in their equity accounts more than they go short. In any case, it is meaningless to talk about manipulation w/o data. And if I were you, I would not dilute the otherwise interesting discussions we have had on this thread by insinuating that the Fed discloses rate adjustments to the WS banks in advance. -BGR.