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

To: Knighty Tin who wrote (73017)	1/6/2000 6:06:00 PM
From: Les H	Read Replies (2) \| Respond to of 132070

It's a crime those four pimps came out to support Gateway today when Lucent is having to pay the price for its problems.

To: Knighty Tin who wrote (73017)	1/6/2000 7:02:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

MB - Message 12488984 "Tony, many retailers are as mad at CPQ as GTW is at Intel. The blame is being passed around...cpq blaming certain component suppliers, suppliers saying its not their fault, etc. Return rates ABNORMALLY HIGH..I don't think we've heard the last of this." news.excite.com ""...Compaq Computer Corp.'s Presario problems persist. A number of Presario 5800 and 5900 series customers who purchased machines in the past few months have reported inexplicable freezing of their PCs. And while Compaq (NYSE:CPQ), which pegged the issues as being caused by a lack of system resources due to a high number of applications running in background, has responded to the issue, some of its customers remain unsatisfied...." Are freezing PC's the first sign of nuclear winter? -g- Regards, Don

To: Knighty Tin who wrote (73017)	1/6/2000 9:07:00 PM
From: Broken_Clock	Respond to of 132070

MB, Here is an analysis on FNM that you might like. Still holding puts? simplex.co.il They also have one on bonds vs. stocks and another on rising oiil prices.http://www.simplex.co.il/ Curtesy of George Cole...

To: Knighty Tin who wrote (73017)	1/7/2000 12:49:00 AM
From: Don Lloyd	Respond to of 132070

MB - DJS Headline - "U.S. Navy Reportedly Mulling New Class of Electric Destroyers NEW YORK -(Dow Jones)- The U.S. Navy announced a $25 billion plan to build a new class of destroyers powered by electric motors, the Washington Post reported Friday. According to the Post, Navy Secretary Richard Danzig said the proposed new ships would run more quietly than present ships, generate enough wattage to power laser or electromagnetic weapons and require crews about one-third the size of those now needed. The new class, designated DD 21, has Navy planners so optimistic that they are willing to trim funds to other ship-building programs to keep it fully funded, the Post said. Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved." To be nicknamed the Tom Swift Class. -g- Regards, Don

To: Knighty Tin who wrote (73017)	1/7/2000 8:12:00 AM
From: re3	Respond to of 132070

saw the article...very nice...

To: Knighty Tin who wrote (73017)	1/7/2000 9:28:00 AM
From: BSGrinder	Read Replies (1) \| Respond to of 132070

Michael, I thought you might enjoy this critique of media baloney from an excellent bear site: fiendbear.com /Kit Fiend Commentary ================ Platitudes, Platitudes I was amused by the collective wisdom doled out by the financial media on Tuesday. From Reuters to CNBC, you read or heard the same platitudes over and over. Here are twelve of them off the top of my head: 1. The decline was orderly. What does a disorderly decline look like? Do the floor traders start fighting with each other over bids? I can just see CNBC's Bob Pisani (what a weasel) reporting on a disorderly day: "I'm here at the NYSE with the Dow down over 900 points. If you look behind me, you will see that there is a riot in progress on the floor. The decline is very disorderly and the police have been summoned." 2. The fundamentals for the bull market are still intact. What fundamentals?! The fundamentals of a speculative mania? There haven't been any rational fundamentals in the past three years or more. 3. I'm not worried. Heh, heh. Of course no one is worried as long as they think they can sell out before the next guy who isn't worried either. 4. Its profit taking. Unless you bought in near the top. Someone got stuck with Qualcomm at 200 and Yahoo! at 500. Large sell-offs always start with profit taking. 5. The selling was tax related. Yeah, but no one mentioned this prior to the start of the year. It also seems a bit crazy to attribute the intense selling to individual investors. There wasn't even any evidence...it just sounded good so they media ran with it. 6. Its just a normal correction not the start of a bear market. Such statements are always made prior to the start of a bear market. 7. The decline is healthy. An all time favorite! The rise is healthy, the decline is healthy! I don't recall any Bulls being concerned over the run ups in the Internet issues. I mean would Joe Battipaglia say: "I was really bullish before, but Yahoo!'s move above 400 was really unhealthy for the stock market." The decline is healthy would be like telling an amputee that at least they lost weight. 8. The decline was due to interest rate jitters. Investors just figured out that interest rates are going up?! The yield for the 30 year treasury has risen from 4.7% to 6.6% since October of 1998 but investors wait until now to sell? The Fed raised interest rates three times late last year but the Dow, S&P 500, and Nasdaq all hit new records anyway. 9. There is no panic. Not yet anyway. Get back to us when the Dow loses 1,000 points in a day. 10. The decline was expected. ...by hardly anyone. Everyone was pretty darn bullish to start the year. Even the Bears sounded bullish and the Bulls were certain that after Y2K, a ton of money would come pouring into the stock market. 11. It is a buying opportunity. Only if there is another recovery. If there is no recovery, it would have been a selling opportunity. 12. The Dow/Nasdaq/S&P 500 is off its lows for the day. Even if the indexes were just a few points off their low, this was CNBC's favorite and it is what you heard most until the close. I get the impression that if the Dow had a session low of a loss of 1,000 points and finished 950 points lower, the CNBC air heads would still say it ended "off its lows."