Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (66554)	2/9/2001 8:55:52 PM
From: jjetstream	Read Replies (1) \| Respond to of 436258

Again??!!!....PCAR same sector....big, big manu looking weaker as well.....just had earnings and could be ripe for a bit of a slowdown askresearch.com

To: patron_anejo_por_favor who wrote (66554)	2/9/2001 9:08:51 PM
From: Thomas M.	Read Replies (1) \| Respond to of 436258

Nice piece from Noland tonight ( prudentbear.com ) He hits on all the important themes: 1. Fannie CEO says that Fannie is 10% of the mortgage market. Wrong! Try 30%. In fact, 87% of total household mortgage growth since 1998 has been GSE sponsored. 2. Government budget surplus is a sham. We are simply replacing public sector debt with private sector debt. 3. Money market funds are loaded with highly-rated paper that is really junk. Interesting anecdote: <<< ... news reports of $50 billion in money market fund assets that were migrated from Merrill Lynch’s money funds to FDIC insured accounts at a Utah bank owned by Merrill Lynch. >>> Also, he quotes Paul O'Neill (who has a great throwing arm -g-) saying some clownish things about how the government should not stop issuing debt because of the need to maintain orderly credit markets. With the multi-trillion dollar government debt mountain, I find this to be a laughable debate. This is reminiscent of the "shortage of equity" argument frequently postured at stock market peaks. Tom