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

To: MythMan who wrote (84575)	3/23/2001 9:55:33 AM
From: Les H	Read Replies (3) \| Respond to of 436258

Wedding vows sheeplove.com

To: MythMan who wrote (84575)	3/23/2001 11:18:51 AM
From: Jumper	Respond to of 436258

>>friends & neighbors gathered....candlelight vigil for sheep.<< You see how that show is writing itself Mr. Myth? I have 2 VCR's rolling to capture this compelling sheep coverage right now - Baby Jesus called me last night, collect naturally, "protect the sheep little Jumper - I love them, each and every one...and while your at it, please harass the hot headed A@P for me - get the money changers out of the SI temple for it is a holy place" That Jesus fellow seems to have all kinds of time on his hands - follows every little thing, he reads every single CFZ post for instance.

To: MythMan who wrote (84575)	3/23/2001 12:37:44 PM
From: Ilaine	Respond to of 436258

For what it's worth - offered only as an example of what others are saying, not intended as an endorsement, this just in my emailbox from The Federalist: >>In the news this week, the Federal Reserve Board cut interest rates a half a point on Tuesday. Equity markets yawned and promptly dropped under two year lows. Daschle-Gephardt, et al., are still flapping about, declaring that George Bush and Dick Cheney have used their brief tenure in the White House to talk the equity markets and economy into a recession. As we noted last week, Gephardt complained, "[This] started when Dick Cheney, a few months back, said we're in a recession." Of course, the charges are ludicrous, but, for the record, we came across this comment from Dick Gephardt in a January 3rd interview: "Look [the tax cut] may [have] to get bigger because the recession is looming and we've got economic worries out there." That's right -- Gephardt was using the "R" word weeks before Mr. Bush took office. Regarding the Sociocrats' blame claim, for the record, here is the lead story from the #00-14 "Federalist Perspective" -- one year ago. (That was T-289 days 'til the departure of Clinton/Gore from the White House.) "In the news this week, if you are among the majority of Americans who now own -- directly or through various funds -- high-tech stocks, there is trouble on the horizon. While we are not prognosticators of such things, and while it is highly unusual for The Federalist to comment on equity markets, we do know that many of our readers hold stocks, and we would be remiss if we did not now comment about recent developments. ... Our sources estimate that there will be a significant realignment of the equities market...in the next 18-24 months. This means that the trendy high-tech stocks with high P/E ratios -- market values far in excess of their earnings -- may soon fall out of favor. We are certainly not investment advisors, but holding investments, which have already performed well, in blind anticipation of similar future performance, can be ruinous. ... Caveat emptor!" Apparently, The Federalist started the collapse! Equity markets perform on investor readings of economic conditions and forecasts and realign accordingly. At the time of our warning about the economy last March, the markets were already predicting an economic slowdown. Indeed, in the 3rd qtr of 2000, the economy was contracting at a 2.2% annual rate, followed by further decline in the 4th qtr. As for the Leftbabble about Mr. Bush's rhetoric causing the current economic woes, any legitimate econometric expert will agree that the boom of the last decade resulted from Ronald Reagan's policies and began while George Bush(41) was president, and ended during Mr. Clinton's "presidency." As for what to do now, equity markets dropped more than 20% 29 times in the last century -- and those declines lasted an average of 12 months. So -- now it's time to start looking for equities with strong fundamentals -- good management, low PE ratios and steady product markets. But -- we are not prognosticators of such things! << federalist.com