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

To: BGR who wrote (78679)	3/28/2000 12:49:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>i.e. those who do not confuse brains with a bull market, like Skeeter Bug<< dude, you are incoherent. i, moi, confuse brains with a bull market? i think fools are fueling this bull market, especially the index players ;-) is that confusing brains with a bull market? the brains are waiting for a vicious bear market that WILL come. i take it as the best of all compliments when your attempt to toss insult is incoherent. you must not have much ammo! ;-)

To: BGR who wrote (78679)	3/28/2000 9:03:00 AM
From: Earlie	Read Replies (3) \| Respond to of 132070

BGR: Shall we bet on which list is longer and by what sort of multiple? Two hundred dot coms plus a few dozen tech darlings as opposed to,....... Technical jargon? When more stocks are falling than rising since April 1998, this isn't technical jargon, it's writing on the wall and it doesn't say "bull market" to me. I don't recall anybody on this thread suggesting that Japanese selling of U.S. equities would, in and of itself, topple the U.S. markets. But their selling sure doesn't help the markets move higher, especially when each move up requires ever greater commitments of cash. The fact that they are selling and the fact that the U.S. markets are under attack by a stealth bear is no doubt just a coincidence, at least to the bullish minds. (g) Bear markets arrive, not as a result of a single event, but rather as a result of an accumulation of excesses. They also commence quietly. Most choose to ignore the signs that it is underway. This sure suits guys like me. You might wish to check the content of your sentence in which you reference "everyone with a brain",.... I think you meant the opposite to the idea conveyed,..... but perhaps I am wrong. As it reads, it suggests that everyone with a brain thought that Japanese selling would be a major problem. With respect to Y2K, you might wish to go back and re-read this thread. I posted many notes suggesting that Y2K would not be a big deal as espoused by the Yardinis of this world (especially with respect to electricity, water, etc.), and I know that others wrote similarly. I did note that inventory building in the fall of 1999 would produce problems in the PC/semi (and other) sectors in the first half of 2000 and this will become evident as Q1 and Q2 numbers unfold. Reseller warnings already evidence this as far as corporate PC sales are concerned in any event. Crying wolf? Hmmmm. Usually I cite figures to back a view of what is coming. The figures provide the evidence to back the view. On purpose, I endeavour to refrain from providing specific investment advice on the thread (although on occasion, I must admit to a lapse). So far, the "calls" haven't been half bad, at least as evidenced by many "thank you" calls as opposed to a few of the "you dummy" variety. Time will tell. As noted, I've in fact made some "bets" (including gold stocks, puts and mortally wounded shorts) and enjoyed an excellent 1999 (following a nasty 1998). 2000 is off to a rousing start as well. And I sleep well at nights not owning stocks with 200 PEs. (g) Incidentally, I did suggest that the Euro would require a bit of "seasoning", but its acceptance seems to be occurring with amazing speed (as evidenced by the figures I supplied). I don't recall anybody on this thread suggesting the Yen had anywhere to go but down, and for obvious reasons. Personally, I'm converting some of my paper currency to "cheap gold in the ground" currency, especially as the printing presses pick up speed. History is on my side on this one, and I am patient. While you don't see the current environment as a mania, I do. Falling profits and rising PEs are the primary evidence for me. Time will tell as to which of us is correct. Best, Earlie