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.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (47999)	3/25/2002 12:40:20 PM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

QS ... you are perfectly right on Wall Street Week ... ... from John Hussman yesterday ... I truly love this ... <<... Maryland Public Television has announced that Louis Rukeyser will be replaced as the host of Wall $treet Week ... (and) there's a lesson in the incident. You might remember the name Gail Dudack. During the final runup to the bull market highs a couple of years ago, Gail was the lone bear among Rukeyser's "elves," and was fired from her post for sustaining that crime for several months as the market rose to its peak. Rukeyser didn't fire her directly, allowing her instead to find out from the media. As it happens, that's exactly how Rukeyser learned that he would be replaced this week. You can almost hear the whistle as the Karma train rolls into the station.>> http://hsgfx:reciprocal@www.hussman.com/hussman/members/updates/latest.htm _______________________________________ ... my own personal view of Rukeyser differs greatly from what is usually said about Lou in a very positive and glowing way by the Wall Street 'pros' who have been the backbone of his program ... the same Wall Street 'pros' who, for years, used WSW as one of their principal vehicles (CNBC being the newest tool) to continually fleece the small investor ... Ken Wilson ... hey, I just noticed, I got SUNW message 48,000 ... I wonder what that means ... must be we will see Dow 48,000 by year end ... <g>

To: QwikSand who wrote (47999)	3/25/2002 4:50:12 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 64865

I always figured when the show finally ended it would be a combination of Lew's age and a very bad bear market. Today we have both. It's probably best for Lew, who has been doing this for too long anyway. He has a very special place in journalistic history, and he should retire and enjoy that. As for the detractors, too many people are blaming the WSW messenger. Lot's of us threw the dice when Internet trading started, but the gist of WSW is and always has been: invest conservatively, buy and hold, average over time, and retire with more than you would have otherwise. There is a long long line of journalists and shows that deserve to be trashed ahead of good grey WSW. PBS is in the process of losing this gem, and I will miss it...

To: QwikSand who wrote (47999)	3/25/2002 4:59:46 PM
From: sea_biscuit	Respond to of 64865

Read this article about Louis Rukeyser. It's hilarious! It was written sometime in 1997 or 98, I think -- certainly well before the bear-market started in March 2000. investorsolutions.com Excerpt : Primitive Rituals Every Friday, investors across this great land huddle together in the great electronic village to celebrate a sacred primitive ritual. Anthropologists and economists are divided as to the motivation for this tribal rite. Many simply credit ignorance and superstition. Some attribute the gathering to man's eternal search for a deeper meaning - to know the unknowable or divine the intent of the gods. Whatever the reason, the ritual has assumed importance to the participants and viewers far beyond any actual value. The ceremony, almost as old as television itself, proceeds in strictly defined order. The high priest, resplendent in imported hand-tailored Italian robes, gives a short invocation. The invocation always ends with the introduction of a visiting priest who has journeyed from the village of lower Manhattan to pay his respects to the great one. The two then engage in a highly ritualized duet ending with the high priest clutching and choking the visitor while chanting "names, please" and "what do you like?" When the visitor has disgorged enough names he is temporarily released. The high priest then turns his attention to a panel of elders and lesser priests. At least one lesser priest must always dress as a bull while another poses as a bear. Each makes appropriate noises for his role and offers his reading of the entrails. (Under an agreement with the Society for the Prevention of Cruelty to Animals, no animals are actually sacrificed on camera.) While the lesser priests never agree on the portents, they are not allowed to actually physically attack each other, this being considered bad form. The remaining priests all fill familiar roles. One must mutter and fret about market volatility while another advises the faithful to buy where their wives shop. Yet another endlessly intones, "Don't fight the Fed, don't fight the tape." The high priest gives each his blessing equally, bestowing a knowing smirk upon every remark, no matter how inane. The high priest maintains a private collection of pet elves, which on a weekly basis attempt to divine the will of the gods and share their rapturous insight through a "sentiment poll." The gods must be crazy, or at least fickle, because the result has become a contrarian's delight. So poorly have the elves interpreted the omens that several years ago the high priest had them all slaughtered in a fit of pique. He then replaced them with new and improved elves. Unfortunately, the new elves have become an even sorrier lot and must be severely concerned with their own fate. Still smirking - after all, nobody is catching on, everybody is eating it up, and he is actually still getting paid for this nonsense - the high priest offers a final benediction. After the benediction, a very minor priestess magically appears, silent as Vanna White, and leads the group into a spotlight where they all pretend to chat as the light flickers and fades from the television. A soothing voice offers to send transcripts of the sermon to the faithful. ... ...