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

To: TRINDY who wrote (75951)	2/15/2000 4:24:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Trindy, I know you didn't ask my view but I think it's important to realize that "value" and fundamentals like earnings, accounting scams, interest rates, etc... have long since stopped mattering to the market. We have a situation where the public knows only one thing, stocks go up. Wall St in general has successfully used CNBC and other financial media sources to promote stock relentlessly no matter what the values and circumstances. It's all about spin. Clearly Wall St. is more interested in profits, bonuses, and corporate clients' stock options than it is about the welfare of the country or middle class. At any sign of weakness the "usual suspects" are paraded out with their usual crapola to keep the bubble up and new players coming in. This Fed has also firmly established itself as willing to bail out the system and Wall St no matter how irresponsible and reckless things become. Bottom line is that the usual fundamental changes like rising interest rates, falling earnings, accounting scams, credit excesses and other things like that will not take this market down. What will take it down is excesses that are simply too large to manage. The symptoms are all around us - rising margin debt, rapid credit growth, rising interest rates, blow ups at hedge funds, derivative meltdowns, a huge current account deficit etc... Like all pyramid schemes you eventually run out of new players. When that occurs simultaneously to the Fed being unable to bail out the system due to the other excesses that are now manifesting themselves...Kaboom! We are getting closer every day. Wayne

To: TRINDY who wrote (75951)	2/15/2000 5:03:00 PM
From: Les H	Respond to of 132070

I notice Lincoln-Mercury has started giving away free Dells with their SUVs.

To: TRINDY who wrote (75951)	2/15/2000 6:18:00 PM
From: Knighty Tin	Respond to of 132070

Trindy, I like the Intel April 100s here, though I am not buying until after perspiration. I think the market already realizes that the computer business is in the toilet. But it doesn't care. As long as Greenspan creates money at a record pace, the Ponzi scheme of suckers buying tech funds and tech funds buying the same names will continue. I thought it would have burst by now. We have never had such an irresponsible Fed before, so it is hard to judge when enough becomes too much. I don't like long Leaps because there is little or no homerun potential. That is why I prefer to play shorter term options with a 90/10. Fred doesn't use a 90/10, so Leaps make more sense for him.