To: Jorj X Mckie who wrote (31147 ) 4/12/2000 7:46:00 PM From: IQBAL LATIF Respond to of 50167
GS hosted a party in Moscow and rasied 20 billion $ for Russia just before that huge default, they if I remember it right put Mr.Bush in too,(check this fact ) to make this big party an over-subscribed bunch of herdish fund managers throwing money at Russia, it was GS who were promoting Internet until the day our dear Abbey cut the allocation of cash by 5%, they remained on the sidelines and only came out few days back to support the old economy with six stocks, for that I don't trust Kurlack type casual off the cuff remarks, (INTC fame analyst) some of their observations are great the run of b to b is one example but they have left hteir investors in lurch holding lot of that stock where they could have gone into DOW early and use the money now to buy the b to b at 25-35% off..if we small investors can do it why not them? But we have to mind our own little shop and that is what we intend to do, leave GS with their big agenda and huge structure to forecasts events like MSFT. They however, do bring rationality to markets.. I respect them but differ with them, although fully realising it makes no difference, one should know his size and think twice before looking at sun without dark glasses..gg Watching MSFT earnings would be fun and INTC too..but look at it we are down 20% on Comp without really breaking 11000 on DOW that speaks volume of htis strength and earning momentum, never in the history of markets we have seen markets getting destroyed if banks and finacials are doing great, that is one sign you should watch get out of DOW if BKX starts erosion..fwiw..GS real asset is Abbey for who I have greatest of respect and gratitude, great person//