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

To: Knighty Tin who wrote (91055)	5/26/2001 2:24:33 PM
From: Knighty Tin	Respond to of 132070

To All, Barron's Micro review, which is even shorter than a mini review. <g> Abelson's column was weak this week. I like and respect Doug Kass, but his recommendation, though sound, isn't exactly earth shattering. Nor does it seem to be the most obvious winner among so many. Two pieces that include John Moffatt. I agree with his recommendations more than his macro view, but, as a monetarist, he can't expect to get the macro view right. Ever! <g> I have respect for him because as a street analyst he pulled the plug on IBM in 1974 at the height of the Nifty Fifty scam. He got fired, of course, for being right, as being right has nothing to do with being an analyst. <g> The second article is about all the analysts who have cushy jobs for being wrong and the ones who got canned for being right. And how to reform the system so that these not-too-bright folks at least try to be right. It's never going to happen and most will never be right except by accident, but it makes good reading. BTW, the Urinal on May 23 had an article about how brokerage firm "recommended lists" shaped up against the market. I was surprised that 12 out of 14 beat the S&P over the past 5 years. No, surprised is too weak. I was shocked and question the numbers and even if they are correct, consider it an abberration. One firm did somewhat worse than the S&P. And the one that just took the Salami out of its name did about a third worse than the other loser. <g> Great Austrian Economic based letter in the Mailbag from Kim Evans of Maitland, Florida, whereever the heck Maitland is. He or she, Kim is one of those names like Pat, really stated the case correctly and concisely for what caused the slowdown. Happy weekend.