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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (14131)	6/1/2000 3:03:00 PM
From: Jeffrey D	Respond to of 15132

One can only hope BB is still providing advice in 2012. Jeff << Originally published in the New York Times and found at www.nytimes.com/library/style/weekend/022700money-culture.html Financial News: Circa 2012 Another near moribund trading week in the virutal space of Wall Street. The S&P-Dow Index closed down 4 points on Friday to 4,132, while the Nasdaq closed just below the 1,800 level for the tenth trading day in a row. On the big board, volume was 499 million shares traded for the week with decliners again over advancers. Yield on the 10-year Treaury note was little changed at 2.68% with 3-month Treasury bill yields holding at 0.48%. Investment Strategist and Chief Facilities Engineer at Morgan-Citi-Sachs, Al "Give Me a Bid" Sellem, stated "Keep buying bonds. Where else are are you going to put your money?" Market sage and former bear market prognosticator who saw the bust coming and who is now a raging bull, Peter Eliades, states in his recent newsletter that "stocks are the greatest value since the 1982 bear market bottom and arguably since the 1940s . . . our recommended list is getting longer by the day . . ." Bob Brinker, once noted for his great bull market top call only to be derided in later years for getting investors back into the market prior to the crash, would only comment that " . . . this is a gift-horse buying opportunity, but everyone lost all their money at last week's races. I'm goin' to the golf course." Former Alan "it's all his fault" Greenspan died today at the age of 86 at his condo in a gated Florida compound after what close friends describe was a long bout of severe depression he suffered following the stock market crash that occurred on his watch as Federal Reserve Chairman. Greenspan was forced to step down in early 2002 after he was pilloried by the financial press, penison and mutual fund fund managers, unions, bank trust managers, the surviving Beardstown Ladies, and a Congressional committee investigating the 2000 Crash. Greenspan became infamous when, in a rare demonstration of passion, he uttered the unforgetable phrases "It wasn't my fault. I tried to warn them, but they didn't listen. They deserved what they got! You won't have me to kick around any more. I quit!" In rare footage, we see the last glimpses of Greenspan playing tennis in 2004 at this Florida compound and in another shot a year later, Greenspan is filmed sailing somewhere off the coast of the Curacao in a sailboat named The "Golden Elf" with an unidentified captain at the helm. The captain was rumored to be a wealthy speculator living in the Caribbean to whom Greenspan had turned after The Crash for financial advice and assistance." Said Greenspan's surviving wife Andrea Mitchell, retired Murdoch-Welsh-Gates Enterprises reporter, "Alan just wanted to make people happy. It was cruel the way he was blamed for the crash. It's just not fair." The nation's budget deficit is expected to further widen this fiscal year to more than 10% of GDP, bringing the total level of federal debt to 111% of GDP. An administration spokesperson noted that the deficit should remain high for the balance of the year but begin to decline thereafter, as government spending for environmental clean-up and increased military expenditures for Japan will help fuel modest growth. And, finally, we end on a positive note, after failing to fall below the 17% mark for the past nine quarters, the nation's unemployment rate fell to 16.9% last month. This has been the financial report, brought to you three times per week. We keep you completely up to date on happenings in the financial markets. I'm Maria B. Jones. See ya next week."