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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (5729)	2/1/2000 1:47:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 42523

more stuff for you clowns to short. from thestreet.......coming Millions and Millions for Merrill Two weeks ago, I wrote about two new HOLDRs securities that Merrill Lynch (MER:NYSE - news) was planning to launch: Telecom HOLDRs (TTH:Amex) and Pharmaceutical HOLDRs (PPH:Amex). Well, they're here. These 20-stock baskets started trading on the American Stock Exchange today. On Monday, Merrill Lynch priced these two new HOLDRs securities, raising a combined $1.5 billion. Approximately $900 million was raised in Telecom HOLDRs and about $640 million in the Pharmaceutical HOLDRs. They joined a lineup that includes Internet HOLDRs (HHH:Amex - news) and Biotech HOLDRs (BBH:Amex - news) With HOLDRs pulling in billions of dollars, don't expect Merrill to stop at four.

To: wlheatmoon who wrote (5729)	2/1/2000 2:16:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 42523

Joe Kernan of CNBS just informed us that it's possible that the NAZ has now finished 'consolidating it's gains' and it will be onward and upward again from here...so i guess we better buy so as not to miss out. that's the subliminal message transported by GE's bubble cheerleading arm anyway. this morning they had two economists on who were insisting very eloquently that we're NOT in a speculative bubble. that was just in case anybody wondered about that. no they said, it's a new paradigm, and the economy has never been as fundamentally sound as it is now. i guess an all-time high in private sector indebtedness, a negative savings rate and an exploding current account deficit are typical of sound economic fundamentals. likewise a NAZ p/e of 200 (much more if earnings reports reflected reality) is a sure sign we're NOT in a bubble. i mean, the NAZ traded in a 15-30 p/e range for decades, which clearly was an aberration. the propaganda put out by that station is simply amazing...