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

To: Knighty Tin who wrote (74921)	1/31/2000 1:35:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: Actually, they pay about 5% (competitive money market or govenment short term) fund rates on the 1000 or if you want you can just transfer 200 shares of something like aof to start the account (so long as net value is over 1000) Seems like a good deal to me. But what do I know.

To: Knighty Tin who wrote (74921)	1/31/2000 1:46:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike/All Whats wrong with my simpleton economic picture for stock prices? 1. Financing costs up (short and long term rates) 2. Producer Price index costs up 3. Profits by SP500 (essentially 80% of us market cap) up 4. CPI, inflation etc down and heading lower. Well in my opinion: cant argue with #1, and if you believe the statistics(massaged as they are) cant argue with 2 or 4. So that leaves #3 as tough. It would suggest that growth in aggregate profits are going to be tought to come by. imo at least.

To: Knighty Tin who wrote (74921)	1/31/2000 2:01:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>I assume they don't pay interest on the $1000, so that is another minor cost? << i bet the $1k is like a normal $1k. if you want it in a money market, put it there. The rates might not be the best, but it is something... make money? dude, the knights of the new paradigm don't support profits. they 1. tell a good story about what WILL happen. 2. they bet the farm to let folks know they are SURE it will happen. 3. they cash out billionaires before ever making a dime. 4. the suckers ride the wave while it is good, taking out more debt to buy more shares at the top and... the future has yet to be written, but i think i know what will happen...