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

To: mishedlo who wrote (87890)	1/3/2001 10:17:18 PM
From: mishedlo	Respond to of 132070

From Vendits thread. Sorry no link People over there are predicting 5000 Naz in a year. Is this a joke? Did we all NOT know a rate cut was coming SOMETIME? (even for those off by a month- shame on me - LOL) What the hell has changed here? ================================= This is an Interim Wall Street Digest Hotline for Wednesday, January 3, 2001, at 6:00 p.m. EST. The Fed surprised everyone and cut the Fed funds rate by half a basis point just after 1:00 p.m. EST. The market soared, per our forecast. The Dow Industrial Average soared almost 300 points, closing at 10,945. The Nasdaq Composite soared almost 325 points to close at 2,616. The Nasdaq posted its biggest one day percentage gain in history; volume was also the largest in Nasdaq history at three billion shares. Here are the best stocks to purchase immediately: CIEN CIENA AMCC Applied Micro Circuits CSCO Cisco Systems EMC EMC Corporation NT Nortel Networks SEBL Siebel Systems AVNX Avanex FLEX Flextronics International PMCS PMC-Sierra ADCT ADC Telecommunications BRCM Broadcom BRCD Brocade Communications GLW Corning JDSU JDS Uniphase JNPR Juniper Networks NTAP Network Appliance SCMR Sycamore Networks IRF International Rectifier BEAS BEA Systems STXN DMC Stratex Networks The following stocks were also highlighted in the December and January issues and should be purchased immediately: CEFT Concord EFS PSFT PeopleSoft SSSS Stewart & Stevenson VRSN VeriSign Sell all government bonds and all corporate bonds now because stock prices will rise much faster than bond prices now that the Fed has cut interest rates. The next Hotline Update will be Friday, January 5, 2001, at 6:00 p.m. EST.

To: mishedlo who wrote (87890)	1/4/2001 11:13:51 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

M, I hate Fannie and Freddie with a passion and almost always have a third of puts on them and more credit bear spreads. For a very short term trade, I might zip out of them right now, but for the long haul, these bloated stock prices are doomed. People almost never learn from past mistakes, hence the huge recidivism problem at prisons. Also, one of the wisest mutual fund managers I've ever known, Hank Hermann from Waddell & Reed (now their President and no longer doing anything worthwhile with his time <VBG>) said that grown men almost never change. At the time, I was young and horny enough to only care about grown women, but now I see his point. <g> I would definitely consider bailing on Merrill puts, as this rate cut will bring more suckers into the brokerage offices and more crappy cos. to the deal table. Short term, but they can kill you short term. JPM and C are still going to be beneficiaries of the damage Greenjeans is causing with these rate cuts, so I'd hold at least a third of puts on them. Yes, the Dow is yesterday's news. The Naz will rule during this bear market bounce.