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


To: ild who wrote (85698)11/19/2000 5:57:21 PM
From: Tommaso  Respond to of 132070
 
`It's boring me to tears,'' Bill Meehan, the chief market analyst at Cantor Fitzgerald & Co. told
clients in a note.

Meehan worries about squeezed profits due to higher labor costs, soaring energy prices and
rising interest costs. That's why he advised clients to take profits if a rally ensues on election
news.

``That will be the time for the bears to pounce,'' he said.

siliconinvestor.com



To: ild who wrote (85698)11/20/2000 5:25:24 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
ild, I won't know my actual favorites until I check the prices the day I start buying puts. I am watching a huge list of names, brokers, banks, insurance cos., the quasi govt. geeks, etc. But some of those I expect to pop for no good reason between now and Xmas and I will lop off the flowers that have grown the highest.

I think a reluctance to print money and expand credit at an ever-accelerating rate will bring them down. You don't have to do anything. The new administration just has to stop its emergency powers act supporting game. With Bush likely to be in the White House, I'm certain he will not understand Greenspan's "voodoo economics" any more than his daddy understood Reagan's. Gore would understand that it has worked in the past for Clinton, but try to blaze a new trail for himself. And, when you have a hot air balloon like our economy, any reduction of hot air supplied will mean lower cruising altitudes, if not a crash.

First Onion Bank just came out to say that retail sales will be up 6% this year. I consider that the official start of the Xmas lies season.