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 (99256)	6/18/2003 5:36:31 PM
From: Micawber	Read Replies (1) \| Respond to of 132070

MB: Sure beats the hell out of Cub Scout camp: nytimes.com

To: Knighty Tin who wrote (99256)	6/19/2003 12:04:27 AM
From: Joan Osland Graffius	Read Replies (3) \| Respond to of 132070

I had an interesting evening. Went to an investment client relations dinner at one of the Country Clubs hosted by one of the financial planning organizations in town. The speaker was from Churchill advisors. This speaker was telling these folks the truth. It was like listening to Heinz, Mark Faber, Jimmy Rogers, etc. for an hour. This fellow thinks there is risk going forward, but was communicating Greenspan and Bush would pull out all stops to keep things from crumbling before November 2004. There was no doubt in his mind that the Iraq war was an attempt to try the world war II trick of getting the nation out of economic trouble. He felt Iraq was attractive because it could kill both the oil price problem and get the effect WWII gave the economy. He told these folks the market has 80 to 90 percent down side before the bear is done with his work - he is looking for a PE of 5 on the S&P. gg There were at least 400 people attending and I did not talk to one client that was unhappy with the advise from this group. They got their clients out of the market in 1999. They could use someone who could help them with global investing and seemed to not have a great handle on how to deal with currencies, etc. This is the first group I have ran into that seems to have their sugar together and have been keeping their clients from losing their butt. They did get their clients back in the market after October, but are selling into this rally.

To: Knighty Tin who wrote (99256)	6/19/2003 9:08:35 AM
From: valueminded	Read Replies (2) \| Respond to of 132070

Mike/All: Can you explain why importance is attached to the "jobless claims number" late in a recessionary environment such as this ? If I understand it correctly, it could fall for the simple reason that the benefits have run out for some of the longer term unemployed so they not longer can make a claim. If that is the case, then declines in this number would seem to be meaningless w/o pulling this information out. Obviously, I am missing something, can you explain where my reasoning has gone wrong ? Thanks Chris