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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (28085)	6/20/2000 8:31:00 PM
From: Tradelite	Read Replies (3) \| Respond to of 57584

Rande...did you see TV news tonight where Indiana governor has suspended (for 60 days) the sales tax on gas in his state to stem the effect of price hikes on consumers? Very politically interesting. Governor says his state is already collecting enough sales taxes on high gas prices to quell any ill effects on other programs of cutting gas tax. He also cited figures on how much the high prices would hurt his state economically if he didn't cut the sales tax on gasoline. He's making OPEC and the Clinton Administration look pretty bad. Forgot to find out whether the Indiana governor is a Repub or Dem. Don't really care......the gas problem is an economic problem for the whole country and it's NOT going to have a good effect on the stock market, regardless of intra-day gains or losses in the Dow or Naz, and regardless of Greenie's interest-rate position. Signed.... Amateur Economist (which means all I said here is my opinion only)

To: Rande Is who wrote (28085)	6/21/2000 12:30:00 AM
From: KevinThompson	Read Replies (2) \| Respond to of 57584

Another scandal to hide behind. The administration is looking for another fall-guy, but the fact of the matter is that gas prices are out of control due to fed regulations; affecting the north midwest first - because that's where the new clean air laws have been implemented first. This is another attempt to shift blame - once again. Are we really going to fall for it? My two cents, KT

To: Rande Is who wrote (28085)	6/21/2000 2:04:00 AM
From: American Spirit	Respond to of 57584

From FORBES - "Get 'Em While They're Cold" - spoofy tone but he's serious. On May 17 last year I recommended ten stocks* to buy. Ten months later the portfolio was up 125%, hoisted on such big shoulders as Cisco, JDS Uniphase, Broadcom and Inktomi. Then word of Lester Thurow's new do got out--and tech stocks dived. As of this writing the portfolio is up a mere 47%. That gives an annual return of 43%. Not bad. But let's scupper it and start a new one. We'll call this one the Robert Shiller Account, named after that other marvelous economist of the hour, that sour donkey at Yale who hustles the term "irrational exuberance" and is appearing on every newspaper page, spreading doom and Dow 6000. What I failed to do with Thurow is what I'll do with Shiller--use him as a 180-degree compass. If Shiller says stocks are going down, it's a sure sign they're going up. Further, if he thinks technology a pile of dog manure, it's sure to be chocolate ice cream. So here is our new 180 Degrees of Robert Shiller Account (with Shilleresque commentary, as he might give it): ? Webvan. Hyped to the moon, it can never make money; its FedEx-type idea of same-day delivery is a pipe dream; ? Microsoft. Broken beyond repair by DOJ and network computers; ? AT&T. Old Economy circuit-switched bozos; ? WorldCom. Has run completely out of financial engineering tricks; ? Covad. Dead meat when the Baby Bells see what it's doing; ? Red Hat. Nobody will ever make money off of this neo-hippie/commie software movement called Linux; ? Silicon Valley Bank. As IPOs shrivel, so, too, will the SVB share price; ? Xerox. Top corporate immune system in America; it kills any good idea; ? Novell. Squeezed between NT and a CEO too nerdy for the top job. Time to buy, buy, buy!