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

To: Knighty Tin who wrote (80263)	4/29/2000 6:20:00 PM
From: Spekulatius	Read Replies (2) \| Respond to of 132070

NASDAQ and NYSE as coupled chambers. The action at the NASDAQ and at the NYSE remind me more and more on the priniciple of coupled chamber.With a given amount of fluid (=money) one can raise the level in one chamber only by reducing in the level in the other. I have observed this behaviour more and more with the value stocks on the one side and the NASDAQ on the other. Its becoming more and more clear to me that the amount of money in the market is limited. Clearly, money gets pulled out of safe stocks when the Nasdaq becomes bullish. Of course this does not hold true only to a certain degree, but I still believe that value stocks can serve as a hedge against a NASDAQ selloff. Unless there is of course a real panic, a stampede tends to bully down just about everything.

To: Knighty Tin who wrote (80263)	4/30/2000 3:59:00 PM
From: Spekulatius	Read Replies (1) \| Respond to of 132070

Internet stocks - well Internet have been synonymos for bubble valuations but thats in my opinion not correct any more. The one stick I own, HOOV has 6.6M$ in Revenue (100% growth) and a Market valuation of 110M$, with 55M$ in cash. Gross margin stands at 65%. OK we have got losses, but with a quarterly growth rate of 20% and expenses leveling off, profits are within reach. I also start to like CBS.Marketwatch MKTW Fundamentals look quite bad on the first glance but the bulk of the losses is Goodwill depreciation so its non cash. The mother companies CBS and DBCC will invest 86M$ for stock,so it should have enough cash to last for 2 years. Once those companies can level of their marketing expenses, the fat gross margins could make them extremely profitable and allow them to grow without capital expenses. After all the portals will take over significant market shares from newspapers - so if we compare the value of these online properties with the newspaper stocks the stocks almost appear cheap. I also expect a severe shakeout of the internet stocks, but the survivers should have a good future and I think MKTW and HOOV will be amongst them.

To: Knighty Tin who wrote (80263)	4/30/2000 4:45:00 PM
From: gnuman	Read Replies (2) \| Respond to of 132070

Buffet on the new economy. msnbc.com

To: Knighty Tin who wrote (80263)	4/30/2000 5:14:00 PM
From: Terry Maloney	Read Replies (2) \| Respond to of 132070

Michael, "The ability to monetize shareholder ignorance has probably never been exceeded" <g> Messrs. Buffett and Munger seem to be getting a little testier these days, talking about money "sloshing" around and whatnot ... quote.bloomberg.com It seems they don't have much faith in the bond vigilantes (if ever they did), and nor does anyone else. A while ago these vigilantes were supposed to have the power to reign in reckless monetary policy, but now they appear to be paper tigers ... were they always just a myth?

To: Knighty Tin who wrote (80263)	5/1/2000 10:36:00 AM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

Cheapskate Alert, Barnes and Noble is offering $20 off $40 purchase, though you have to pay shipping. Never fear that the coupon says 20% on the machine. It takes off $20 when you get to the very last step before ordering. Hasten them and Amazon out of the business and buy, buy, buy. <g> shop.barnesandnoble.com For some book ideas for the fitness minded, see my more recent book reviews. Go to that URL for one, then search for "Target Bodybuilding" under book titles for another. Also, "The Harlot By The Side of the Road" is another. On Amazon.Com, I have reviews on the Bass and Tesch books and also on Covert Bailey's horrible "Ultimate Fat or Fit" and Charles Poliquin's lousy "Manly Weight Loss." Barnes and Noble won't print any review that isn't positive because it might hurt their sales, so they rejected my Poliquin and Bailey reviews.