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To: Knighty Tin who wrote (248456)7/5/2003 8:57:49 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
Barron's mini review. A good mag this week. 1. Abelson is the first to speak out about the senile ignoramus judge's ruling on lawsuits against Merrill Lynch. As he points out, the guy showed his total naivete when he stated that a captive mutual fund co. could not be sued because it was totally seperate from the banking and brokerage side. Oh, yeah, the President of Merrill Funds won't even take calls from the Chairman of Merrill Lynch. Unless he wants to keep his highly paid job. <g> The judge is also the only person in America who believes that the disclaimers on research reports mean you can lie your arse off.

Abelson has two bits about the housing bubble, and they make interesting reading.

Then Alan stumbles when he quotes poor, sad Mark Hulbert about mutual funds manipulating the market. Folks, funds are the suckers, not the suckees.

2. 3, count them, 3 bearish articles about short selling and the bear is back and naming names of overpriced fluff.

3. A tout for silver by, lord have mercy, Stephen Leeb, in the Market Watch section. The fact that he totally agrees with me makes me doubt my call on the Lone Ranger's horse.

4. 2 nice book reviews about the ethical and criminal problems on Wall Street.

5. A nasty op-ed piece about Indonesia. May be time to nibble again.

6. An excellent letter in Mailbag from David Carlson about ACAS, one of my most hated companies. He is simply correcting the fluff article of the previous week.

7. The Asian Trader talks about small cap Japanese stocks and the China asset bubble caused by the US balance of payments problem. Good thought food.

8. The quarterly fund review. Somehow, Schroeder Ultra, by far the best performing fund of the past 5 years, is missing in action here.

Happy Weekend