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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Oral Roberts who wrote (13240)11/15/2002 2:59:18 PM
From: bramble88  Read Replies (1) | Respond to of 57110
 
Does that fix the fact that the economy sucks? >Sure! They're going to put the Al-Qaeda leaders in charge of the SEC, so they can put the fear of Allah in all those irresponsible CEOs, auditors and analysts.



To: Oral Roberts who wrote (13240)11/15/2002 2:59:21 PM
From: MulhollandDrive  Respond to of 57110
 
nope

>>Does that fix the fact that the economy sucks? <<

just more noise to explain the incomprehensible<g>



To: Oral Roberts who wrote (13240)11/15/2002 3:06:13 PM
From: Lizzie Tudor  Respond to of 57110
 
BRCM is losing money and insiders are barfing up stock like a supermodel after an eating binge. Clear signal to go long.

Hi- no position in brcm here... but fwiw the insider selling is completely misunderstood, for some reason addi and some of the reasonable bears on brcm can't see that the founders own over 25% of the company... they have not "sold out"- in fact if my experience is any guide they are probably being pushed into selling by the board. They have sold less than 1% of their holdings... just want to make sure all here know this, it has caused some confusion in the past
L



To: Oral Roberts who wrote (13240)11/15/2002 3:45:52 PM
From: Augustus Gloop  Read Replies (2) | Respond to of 57110
 
Oral....no matter what people think we need major tax cuts to bring this economy around. Small business people are being killed with taxes and that just doesn't work. Think about this for a second -

Lets say you make 50k per year as a self employed person. Between Federal, State and SS you will lose about 40% of that.

So Now that 50k is worth 30k

Then you have the state property tax which around here is about 4k for a basic home

That leaves you with 26k before you start paying sales tax, gas tax and other assorted surface taxes. Just say those taxes add up to about 1000.00 per year to make it easy (and I think its more than that). So now you have a person who makes 50k who loses half that amount in surface taxes. That doesn't even take into account the taxes that are factored into the price of goods we all buy. I think once every level of taxation is factored in we probably lose about 60% of our income. Our Government is going to have to live with less for us to be able to pull out of this mess. The interesting thing will be to see the polls taken of public opinion WRT reducing taxes. In the past there have been a significant percentage of the people who think we can't afford to tax less. Somehow they have been convinced that we NEED to lose 60% of our income for Government to work and thats just not true! We need our Government to realize that there is a finite level that taxpayers can afford to pay before they're rendered useless on the consumer end. Not even the Mob took this much money from businesses. They realized that if they were going to be successful they had to have business turn a profit and keep trying to turn more profits. By seizing too much money they'd have eliminated incentive for people to strive for more which is just what's happening today only its being done to us by our own Government.

Its time to lower taxes in a big way folks. Don't buy the debt mantra because things wouldn't have to be that way if Government would just balance between wants and needs the same way we taxpayers must.

DEMAND TAX AND SPENDING REFORM!

End of rant

Go Packers :-)



To: Oral Roberts who wrote (13240)11/16/2002 12:33:23 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 57110
 
not piling on (response no #5...but thought you might appreciate this)

Message 18241484

Now with the SPX at important breakout levels so glaringly in their faces, they all will have to come in and cover -- as if they really knew why they were short to begin with, those darned traders -- causing a blip up that the big hedge funds triggering the madness to the upside can blow out of.

Do these kinds of trades have anything to do with anything? Yes indeedy: They have to do with momentum and psychology and the inability of the market to allow shorts out of their positions without catastrophic losses.

Sure, the press will hang it all on a stronger-than-expected retail sales number or an Intel buyback, but what it should really be hung on is performance anxiety and the inability of the newbie managers and amateur SI shorts to take any pain.