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.

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

To: Knighty Tin who wrote (95566)	4/18/2002 1:16:46 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

KT, no need to watch Abby. My guess she'll say I'm bullish: low inflation, low rates, profits recovery better than expected ( Lou won't point out that profit recovery is created by beating lowered expectations of pro-forma profits) In spite of the Enron situation almost anything goes in the field of accounting and the penalties are minimal in the unlikely event the SEC wants to do anything see Xerox. I wonder if Lou will ask her about her bullish stance on Enron. BTW I have a message on my answering machine telling me I am pre-approved for a home equity loan from an outfit i've never heard of. ho ho ho mike

To: Knighty Tin who wrote (95566)	4/19/2002 12:30:18 AM
From: John Pitera	Read Replies (1) \| Respond to of 132070

Michael, what's been truly amazing is that in 2001 after it was known that we were in a bear market, that is when the Wall Street firms asset allocation models moved to an even highest average percentage allocation to equities. In fact the highest in Wall Street History. Some firm's like MER have been more circumspect on aggressive equity exposure, but on balance the recommended stock allocation has hit record highs. It validates the very old saying that was even mentioned in Leferve's book "Reminiscences of a Stock Operator" that distribution in a bear market occurs on the way down. (Although we certainly saw plenty on the way up too! ) John