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To: JD who wrote (40788)1/12/2001 8:09:49 AM
From: Lee Lichterman III  Respond to of 42787
 
Good Points but overall I think he has a handle on things.

>>Can you imagine what would happen to a Fortune 500 CEO if he had the accountants 'borrow' inflows destined for the employee retirement account in order to show positive earnings and cash flow??? << Well, actually, Uhmmm, GE comes close. They use Pension Fund extras to beef up the bottom line but since GE is going to be added to the new version of the Bible as the second coming, the pros overlook this minor detail <g>

Japan announced they were happy letting the Yen weaken, I guess they want to continue trying to export their way out of trouble. This might help our dollar a bit but the European currencies are still hurting us and the Metals market is due for another bounce soon as well.

Futures up. If the PPI comes in OK, we may try to add one more day to this rally. Please, PLease, PLease get me called out of my calls. I really really want to be cash over the weekend. <NG>

Good Luck,

Lee



To: JD who wrote (40788)1/12/2001 8:56:15 AM
From: Jack T. Pearson  Read Replies (2) | Respond to of 42787
 
There is only one thing worse than borrowing from the employee retirement account to show positive earnings and cash flow. That is claiming the employee retirement account inflows constitute a big surplus and using that claim as the basis to reduce taxes for your rich friends who funded your campaign for president.